TDS ON INTEREST OTHER THAN INTEREST ON SECURITY

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14 Points Posted on 14 April 2020
For F.Y 2019-20 at what rate TDS IS TO BE DEDUCTED FROM INTEREST TO INDIVIDUAL BY A PARTNERSHIP FIRM .
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On 14 April 2020 at 12:22 Report
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This discussion clarifies the TDS deduction rate applicable to interest paid by a partnership firm to an individual for the financial year 2019-20. It specifically addresses whether the 10% TDS rate applies to interest paid to partners on loans or deposits, and if any additional cess is applicable.

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Practice
3235 Points Posted on 14 April 2020
@ 10% p.a.
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On 14 April 2020 at 14:25
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Practicing CA
7756 Points Posted on 14 April 2020

are you talking about interest by firm to partner? or other interest 

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On 14 April 2020 at 14:28
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14 Points Posted on 14 April 2020
Interest on loan/ deposit from partners. is any other cess etc is applicable over 10% TDS
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On 14 April 2020 at 14:54

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