TDS
This query is : Resolved
21 December 2010
Dear Sir/Mam
I work in Partnership where every partner get - Rs .- 300000/- as a Salary for a year. is it posible to not deduct TDS on that salary please provide the notification or clearification about such.
I work in Partnership where every partner get - Rs .- 300000/- as a Salary for a year. is it posible to not deduct TDS on that salary please provide the notification or clearification about such.
21 December 2010
This income is not taxable under salary head for the partner. it is taxable under PGBP. So, sec.192 is not applicable here. and there is no other section for deduction of tax on this payment
21 December 2010
I am agree with Aman reply.
22 December 2010
Sir,the partner is not employee of the firm but he is one the owners of the firm.You have to deduct TDS only to employees.
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