23 March 2017
Dear Expert, An accountant deducted TDS on Salary paid to the partner of the LLP Firm and deposited the same in Govt account and filed the TDS Qtrly return and issued Form 16 to the Partners during the F.Y. 2015-16.The total Partner Salary paid to each partner is Rs.4.50 Lacs, TDS deducted Rs.5,000/- each Further As per ITR of the firm The allowable Remuneration to each partner is Rs.0.75 Lacs only. Please tell how much amount of Salary from Firm to be shown in ITR-3 of the partners under Income from Business or Profession and how can Amount reflected in 26 AS of the individual partner u/s. 192B will matched with ITR-3. Thanks in Advance. Regards
CAclubindia
