In case of Registered firm, is commission paid to partners liable to tds u/s 194h? For Salary and Interest to partners there is specific exemption in act but no where its maintioned about commission.
CA O.P. SINGH (O P Singh & Co.) (426 Points)
05 August 2010In case of Registered firm, is commission paid to partners liable to tds u/s 194h? For Salary and Interest to partners there is specific exemption in act but no where its maintioned about commission.
Harpreet
(* * * * * *)
(1670 Points)
Replied 05 August 2010
as per me its attracts to applicability towards TDS u/s 194h i.e. commission
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