Tds on commission paid to partners by firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2015
Hi,
Please provide case laws for TDS on commission paid to partners by a partnership firm, where the ruling was in favour of assessee(i,e; not required to deduct tds).
Please provide case laws for TDS on commission paid to partners by a partnership firm, where the ruling was in favour of assessee(i,e; not required to deduct tds).
Ganeshbabu K
(Expert)
09 February 2015
Deduction of TDS is mandatory if commission payment to individual partner exceeds threshold limit Rs.5000.Hence you cannot get any case law as you required
Deduction of TDS not applicable only on partner salary.
Deduction of TDS not applicable only on partner salary.
Rupesh Jain
(Expert)
10 February 2015
TDS TO BE DEDUCTED ON COMMISSION IF AMOUNT IS EXCEEDS RS. 5000/-IN YEAR.
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