Tds deducted on partner salary
This query is : Resolved
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Ashim kr Ray
(Querist)
24 May 2025
sir,
in new rule tds have to be deducted from partner salary.
I want to know whether it has to be submitted monthly or quartely.
please reply
in new rule tds have to be deducted from partner salary.
I want to know whether it has to be submitted monthly or quartely.
please reply
24 May 2025
The TDS is to be deducted at earlier of the following dates:
Credit of sum/payment to the account of partner in the books of the firm or
Payment to the partner.
Any payment to partner in nature of salary, interest, bonus, commission, or remuneration which is credited to partner's capital account, is also subject to TDS u/s 194T.
It is based on payment/credits to partner/s; it is event based & not periodically.
Only TDS Return to be filed quarterly.
Credit of sum/payment to the account of partner in the books of the firm or
Payment to the partner.
Any payment to partner in nature of salary, interest, bonus, commission, or remuneration which is credited to partner's capital account, is also subject to TDS u/s 194T.
It is based on payment/credits to partner/s; it is event based & not periodically.
Only TDS Return to be filed quarterly.
28 September 2025
Good luck.....
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