Menu
TDS deduction on Partners salary if below exemption or abov
A Business Concern (Firm), partner was being taken salary ( active partner ) from 01.04.2010 and it may happen to till 31.03.2011 (additonally partners remuneration may also record)
My doubt is :
1) On demand of Form 16 by the partner for filing the Income-tax return
if The partner is taking the salary below exemption limit (excluding Parnters Remuneration) ... whether we have to file the TDS returns for salary also (FORM 24Q). if the partner is taking salary below the taxable limit [(then form 16 is to be given with out Filing the TDS Salary return) is it correct?]
And how to issue a Form 16 to the partner with out filing the TDS return(Form 24Q)
if the partner is taking the salary above taxable limit.. (excluding Partners Remuneration) ..... what is the procedure to deduct the Tax (TDS)
TDS is to be deducted whether for salary or to be deduct for both Salay and Partners Remuneration
and lastly, is it right to file the salary return for PARNER
any one please help me........
Replies (1)
If partner is taking salary below exemption limit than no need to deduct tds and no matter of form 16
If no assess of firm taking salary below exemption limit than no need to file Tds return of salary 24Q.
TDS should deduct only on salary amount.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
