Tds on interest to partner
Querist : Anonymous
Querist : Anonymous
* **Interest on capital paid to a partner by the firm** — **No TDS** under **Section 194A(3)(iv)**.
* **Interest on loan given by a partner to the firm** — also **No TDS** under **Section 194A(3)(iv)**.
So, **whether it’s interest on capital or interest on loan from partner to firm, no TDS deduction is required** as per Income Tax law.
This exemption is specific to payments made by the partnership firm to its partners on capital or loans provided by them.
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