Tds on laon given by the partners

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Querist : Anonymous (Querist)
27 December 2015 whether TDS will be deducted on interst on loan given by the a partner to partnership firm.
i have read that TDS non deduction on interest on partner capita.

27 December 2015 TDS not applicable on interest paid by partnership firm to partner.

Refer section 194A(3)(iv) of Income Tax Act 1961.


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