Tds provision for salary paid to partner by partnership firm
This query is : Resolved
sajjan ropiya
(Querist)
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.
Pankaj Gupta
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
