Can a partnership firm pay Consultancy Charges to its Partner for his/her Services??? Should TDS be deducted by the Firm??
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Consultancy charges to a partner of the firm
Replies (4)
Yes like remuneration & int paid to partners it can also pay such chgs & claim deduction from taxble income.
yeah he can , Tds u/s 194J
yes firm can pay & deduct TDS @ 10% u/s 194j
Thanks to Giridhar,Deepak and Chandan.
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