Tds on renuneration
This query is : Resolved
08 December 2013
Is tds deductable on remuneration to partners of LLP ??
08 December 2013
TDS not deductibe on remuneration to partners. Remuneration received from partnership firm is taxable under PGBP and not under salary.
08 December 2013
Agree with Expert............
Salary received by a partner from his partnership firm carrying on business then this income is taxable under the head “profits and gains of business and profession”.
Salary received by a partner from his partnership firm carrying on business then this income is taxable under the head “profits and gains of business and profession”.
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