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partner's salary

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(Querist)
10 June 2008 is tax to be deducted at source on partner's salary????
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
10 June 2008 No.

Remunaration received by Partner is exempt in the hands of partners.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
10 June 2008 No.

Remunaration received by Partner is exempt in the hands of partners.
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nilesh gupta

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nilesh gupta (Expert)
10 June 2008 no

remuneration to partner is not covered under the definition of salary under I T Act.
further it is taxable in the hands of partner as Profit & gains from business & profession (PGBP)rather than under the head salary.

there is no provision under the I T Act for TDS on remuneration to partner.
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