Partners salary with Tds
This query is : Resolved
03 July 2010
is TDS applicable for partner salary?
03 July 2010
Partner's salary is a business income under section 28(v) of the Income tax Act,1961 and hence no need to deduct tax under section 192 of the said act.
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05 July 2010
I support the view expressed by our friend BC.
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12 July 2010
Partner remuneration falls under income from business and not salary hence tds is not applicable
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