Llp
HELLO FRIENDS
MY UNCLE & COUSIN BROTHER HAS INCORPORATED LLP ON 28TH AUGUST , 2015. THEY R GETTING INCOME MORE THAN EXEMPTION LIMIT (RS. 250000) FROM OTHER 4 HEADS. WHETHER LLP LIABLE TO DEDUCT TDS ON SALARY IF IT PAYS TO DESIGNATED PARTNER? AS ITS FIRST FINANCIAL YEAR OF LLP.
Replies (1)
In my view, LLP enjoys status of partnership firm under Income tax act and hence salary paid to partners is not liable to tds if paid within prescribed limits.
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
