27 May 2026
There are three Partners taking remuneration Rs.4,20,000/- p a each. and TDS @ 10% has been deducted and paid u/s 194T. etds returns are filed However in terms of profit of the partnership firm remuneration each of Rs.1,00,000/- is allowable towards remuneration to partners My question is balance Rs.3,20,000/- can be adjusted as drawings of partner and also whether etds returns need to be revised with remuneration as Rs.1,00,000/- instead of Rs.4.20 L ?