I understand that for Partners Salary TDS will not be deducted, could you please confirm the same.
Menu
Tds applicability for partner salary/remuneration
Replies (1)
| Originally posted by : R. RAJASHEKHAR | ||
 |
I understand that for Partners Salary TDS will not be deducted, could you please confirm the same. |
 |
TDS is not required to be deducted u/s 192 as any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "salary" -- Explanation 2 in Section 15.
It is taxable as business income u/s 28(v).
.
Recent Threads
- Calculate IT on LTCG AND STCG for the F.Y.2025-26
- Heard & Seen Around – Your Daily Economi
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
Related Threads
CAclubindia
