Tds on interest paid by partner on capital withdrawal
This query is : Resolved
DIPAK SANGHANI
(Querist)
26 December 2015
Dear Sirs,
My Client is liable to audit in the previous year and so he is liable to deduct tds in current year.
My Query is whether interest paid by my client on capital withdrawal from his partners capital a/c from partnership firm?
Kindly give any case law reference if possible.
My Client is liable to audit in the previous year and so he is liable to deduct tds in current year.
My Query is whether interest paid by my client on capital withdrawal from his partners capital a/c from partnership firm?
Kindly give any case law reference if possible.
Ankur Singhal
(Expert)
28 December 2015
Dear
NO tds applicability in this case.
NO tds applicability in this case.
DIPAK SANGHANI
(Querist)
28 December 2015
thanks bro. but in section 194A only state no tds on interest on capital paid by firm to partner and no vice versa.
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