Regarding tds on salary of partners
This query is : Resolved
ashish agarwal
(Querist)
24 September 2014
Section 194A clearly says that if any interest paid to partners than no need to deduct tds on such interest but on the other hand section 192 Not give any exception on payment of salary to partners. Than why we not apply section 192 on salary paid to partners.
Nikhil Kaushik
(Expert)
25 September 2014
because the salary paid to partners doesn't take form of salary under section 17. It is covered as business income under section 28.
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