TDS on interest on unsecured loans to partners

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..... There is a LLP firm which has taken unsecured loans from its partners and paid interest on the same. However it has not deducted TDS on the interest. Whether the firm is liable to deduct TDS on inter .....

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..... est paid on unsecured loans taken from such partners? - Reply By KASTURI SETHI - The Reply = Section 194A of Income tax Act contains provisions regarding TDS to be deducted on interest payable l .....

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..... ike interest on fixed deposit, interest on unsecured loan. LLP firm is also covered under this Section. - Reply By CASusheel Gupta - The Reply = As per section 194A(3)(iv) , no TDS to be deducted. .....

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..... Firm includes LLP as per seciton 2(23) - Reply By Srinivas KA - The Reply = If the firm is paying interest to partners, then TDS is not required to be deducted as per Sec 194A . Firm incl .....

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..... udes LLP - TDS on interest on unsecured loans to partners - Query Started By: - Barkha Bahety Dated:- 21-9-2019 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, repl .....

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..... y post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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