Tds , interest on partners capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2011
IN PARTNERSHIP BUSINESS TDS REULES WILL BE APPLICABLE OR NOT ON THE INTEREST ON CAPITAL BY PARTNERS .
THANKING YOU,
THANKING YOU,
CA PARAS BAFNA
(Expert)
18 December 2011
TDS provisions are not applicable on Interest payable to Partners by the firm.
18 December 2011
No TDS deduction required on interest paid to partners capital (Vide Section 194A(3)(iv) of the Income Tax Act, 1956)
18 December 2011
Agreed with all experts
Tds not required to be deducted on interest on capital to partners.
Tds not required to be deducted on interest on capital to partners.
20 December 2011
yes, agree with all above
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