technical fee paid to working partner
This query is : Resolved
06 September 2020
A firm paid fee for technical services to working partner. Whether this need to be considered under the ceiling limit prescribed under section 40(b). TDS deducted under section 194J. In other words , the wording in 40(b) " remuneration whatsover be the nature" would include any fee paid to working partners as fee for technical and professional services
CA R SEETHARAMAN
(Expert)
06 September 2020
Yes, this need to be considered under the ceiling limit prescribed under section 40(b).
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