TDS on interest
This query is : Resolved
Guest
Guest
(Querist)
18 April 2009
Whether tds is to be deducted on interest on capital paid by a firm to its partners ?
Manmohan ACA, CS
(Expert)
18 April 2009
As per section 194A(3)(iv) interest income credited or paid by firm to a partner of the firm is not subject to TDS.
Ram Avtar Singh
(Expert)
18 April 2009
TDs not applicable on parners capital Interest.
18 April 2009
no
19 April 2009
No
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