TDS on Salary paid to Partner
This query is : Resolved
Hanmantu N.Sai
(Querist)
20 June 2008
Anyone can tell me whether TDS deducted on payment of salary to partner in partnership firm?
CA Vivek Jain
(Expert)
20 June 2008
Yes
CA. Pradeep Nayak
(Expert)
20 June 2008
I dont agree with you Mr. Vivek. Salary paid to a partner of a partnership firm is a business income for the recipient and not salary as defined under Sec 17. Hence the provisions of Sec 192 is not applicable in case of salary paid to a partner of a partnership firm & not tax need to be deducted.
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