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Tds on interest paid on partners capital.

This query is : Resolved 
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(Querist)
23 August 2016 why TDS on interest paid on partners capital by a firm to the partners is not deducted?
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ACA Anurag

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ACA Anurag (Expert)
23 August 2016 Dear Vinay,

As per section 194A(3)(IV) provision of section 194A(1) is not applicable where such income credited or paid by a firm to a partner .

So accordingly TDS is not applicable and no TDS should be deducted.

Hope your query has been solved

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