Menu
Section 194a
whether a partnership firm falling u/s 44AB is required to deduct TDS u/s 194A on:
1.payment of interest on partners capital;
2payment of interest on loan taken from partner.
Replies (2)
As per sec-194A(3)(iv), interest income credited or paid by partnership firm to the partner(s) of the firm is not subject to TDS even if the firm is under the Tax Audit provisions u/s-44AB.
tds u/s 194a shall not be deducted if interest is credited or paid by the firm to its partners.
Recent Topic
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
Related Topics
CAclubindia
