Partnership firm can deduct TDS only on remuneration of partners. it can deduct on interest on capital amount
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TDS on partners remuneration u/s 194 T
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Quick Summary
Any TDS will be deducted on Income as per limits and other conditions and not on expense reimbursements
Section 194T is applicable on payment made/credited on account of Salary/ Commission/bonus/Interest to partners exceeds Rs. 20000 in a financial year year.
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