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 Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
