which head to be taxable,its urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2010
1)partner's salary to be taxable under which head?
2)whether prof. tax and tds will be deducted or not, if yes then how much amount and what %age will be deducted if salary is 50,000/month?
2)whether prof. tax and tds will be deducted or not, if yes then how much amount and what %age will be deducted if salary is 50,000/month?
CMA Ramesh Krishnan
(Expert)
05 March 2010
Partners salary not covered under Salary income,it is Business income
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