Tds on partner salary
This query is : Resolved
abhishek singhal
(Querist)
26 January 2014
is it mandatory to deduct tds on partner's salary?
Ganeshbabu K
(Expert)
26 January 2014
No tds applicable on remuneration paid to partner salary
.
.
Reason:
remuneration paid by firm to partner is charged as business income and not as income under salary in the hands of partner
.
.
So no question of TDS under salary
.
.
Reason:
remuneration paid by firm to partner is charged as business income and not as income under salary in the hands of partner
.
.
So no question of TDS under salary
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