TDS on Salary paid to Partner

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Hanmantu N.Sai

Hanmantu N.Sai (Querist)
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20 June 2008 Anyone can tell me whether TDS deducted on payment of salary to partner in partnership firm?

Pranav

Pranav (Expert)
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20 June 2008 No There is no applicability to deduct TDS on Remuneration paid to partner, Since this income is taxable to Partner under the Head Business or Profession.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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24 June 2008 Yes. Pranav is correct

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