tds on partners salary
This query is : Resolved
20 September 2010
Respected experts plz guide me if we should deduct tds from partners salary as it come under the head the head " income from salary"
20 September 2010
No, Partners salary will not covered under Salary Income
20 September 2010
The salary or remuneration to a partner by a partnership firm is not charged under the head INCOME FROM SALARY , but treated as “business income” in the hands of partner's. Therefore, there is no question of TDS on salary or remuneration paid by the firm to the partner's of a firm .
The salary or remuneration to a partner by a partnership firm is not charged under the head INCOME FROM SALARY , but treated as “business income” in the hands of partner's. Therefore, there is no question of TDS on salary or remuneration paid by the firm to the partner's of a firm .
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21 September 2010
thanks a lot sir
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