Tds on remuneration of partners
This query is : Resolved
30 March 2017
Have any option to deduct TDS on Remuneration of partners. Please guide me
30 March 2017
Actually Partners receive salary and not remuneration. So u must deduct TDS accordingly if the amount exceeds the limit as per slab rate.
30 March 2017
No. Salary or remuneration to a partner from a partnership firm is not charged under the head INCOME FROM SALARY , but treated as “business income” in the hands of partner. Therefore, there is no question of TDS on salary or remuneration paid by the firm to the partner's of a firm .
30 March 2017
Its not 'Income from salary'. It is considered as business income. So NO TDS
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