Tds provision for salary paid to partner by partnership firm
This query is : Resolved
05 December 2012
Is salary payable to partner by partnership firm liable for tds deduction or not?
Is it allocation of profit, so not lible for tds deduction.
If yes then in which section under sec. 192 or other section.
Is it allocation of profit, so not lible for tds deduction.
If yes then in which section under sec. 192 or other section.
05 December 2012
TDS provisions do not apply on the salary of partners, derived from the firm.
Hence no TDS shall be deducted from such payment.
Because its not the payment of expenses of firm, rather an appropriation of profit.
Hence no TDS shall be deducted from such payment.
Because its not the payment of expenses of firm, rather an appropriation of profit.
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