TDS on Partner's Remuneration on foreign partner


Student CA Final

If a LLP makes payment of Partner's Remuneration to its foreign Partner. Whether the same will be taxable in the hands of the foreign Partner..??

Thanx
 
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yes, since income deemed to accrue or arise in India
 
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Student CA Final

but Partner's Remuneration is exempt under Income Tax Act for a resident..
Same is not the case with a NR...??

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partner's remuneration is not exempt only his share of profit from firm is exempt

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Student CA Final

Yes. You are right. So, TDs would be deducted u/s 195 @ 31.2%..??
 
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yes, only share of profit exempt as per section 10
 
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Student CA Final

Can someone plz confirm the rate at which the TDS is required to be deducted..
 
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