There exist no employer - employee relationship. Hence there is no need to deduct TDS on salary to a partner. PF also not appicable.
SALARY TO PARTNER
Page no : 2
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 12 October 2010
If Partner's salary is income from business and profession, whether TDS is required to be deducted on this professional income?
sanketmalekar
(student)
(88 Points)
Replied 12 October 2010
TDS is not deducted for interest and salary paid / credited to the partners by the firn. PF is also no tapplicable for partners salary
Kshitij
(Consultant)
(62 Points)
Replied 12 October 2010
TDS is not applicable to salary to partners salary
PF is also not applicable
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