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Interest on drawings
Interest on drawings is claimed as business expense in the hands of partners in their itr?
Replies (5)
No it should not be claimed
No you can't.
Not allowed
Is any tds on interest on drawings?
First of all , drawing is taking out self money and you can't pay interest to yourself.
Secondly, if you don't pay interest then why TDS liability will arise.
Secondly, if you don't pay interest then why TDS liability will arise.
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