Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2015
Dear sir
i have credit partner remuneration in partners capital. whether TDS is to be made or not.
i have credit partner remuneration in partners capital. whether TDS is to be made or not.
31 March 2015
TDS is not required to be deducted u/s 192 as any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "salary" -- Explanation 2 in Section 15. It is taxable as business income u/s 28(v). .
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