Partnership firm can deduct TDS only on remuneration of partners. it can deduct on interest on capital amount
Partnership firm can deduct TDS only on remuneration of partners. it can deduct on interest on capital amount
Any TDS will be deducted on Income as per limits and other conditions and not on expense reimbursements
Section 194T is applicable on payment made/credited on account of Salary/ Commission/bonus/Interest to partners exceeds Rs. 20000 in a financial year year.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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