Tds
This query is : Resolved
shivshanker
(Querist)
10 May 2011
Dear Respective sir,
I would like to know if partnership company
having two partner,
on partner taking salary and other partner is not taking salary.
will tds applicable on partner salary?
I would like to know if partnership company
having two partner,
on partner taking salary and other partner is not taking salary.
will tds applicable on partner salary?
Ram Avtar Singh
(Expert)
10 May 2011
There is no applicability to deduct TDS on Remuneration paid to partner, Since this income is taxable to Partner under the Head Business or Profession.
shivshanker
(Querist)
10 May 2011
but partner want to take as salary, in deed also.
05 June 2011
No TDS at all in this case
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