This discussion clarifies the applicability of Tax Deducted at Source (TDS) on interest paid to partners in a Limited Liability Partnership (LLP). The consensus is that LLPs are not required to deduct TDS when making payments of interest or remuneration to their partners.
21 March 2023
Is TDS applicable on interest on capital to partners in LLP? I feel it's not applicable in partnership firm but can someone confirm about LLP?