Tds on remuneration & interest on capital to partners

This query is : Resolved

Sowmya.S.Balan

Sowmya.S.Balan (Querist)
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04 July 2012 whether tds to be deducted on interest & remuneration to parners
whether tds to be deducted on loan processing fee paid to non banking financial instituions
can u please help me

CA. Hari Kishan

CA. Hari Kishan (Expert)
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04 July 2012 TDS is not required to be deducted on partners remunaration and on interest paid to them. Specifically provided in the tds sections.. also TDS shall be applicable on interest paid to non banking financials inst,

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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04 July 2012 There is no TDS on loan processing Fees as it does not fall in any of the section of the TDS chapter.

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