ABC IS PARTNERSHIP FIRM, IT IS LIABLE FOR AUDIT U/S 44AB.
(1)'A' IS PARTNER WHO IS PAYING INTEREST TO ITS FIRM(ABC) WHETHER HE IS LIABLE FOR DEDUCT TDS
(2)'A' IS PARTNER WHO IS PAYING INTEREST TO XYZ LTD. WHETHER HE IS LIABLE FOR DEDUCT TDS
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TDS on Interest
Replies (1)
Partner is not liable to deduct TDS on the payment of interest.
An individual is liable to deduct tax at source only if tax audit is applicable to him or his propreitory concern.
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