tds on salary

195 views 2 replies
Dear Sir/Madam,

In my office 2 sales earnings 4.5 lakhs for F.Y.2018-19.

My queries are
1) while deducting TDs, we should consider standard deduction even if they don't give investment proof.
2)If they give investment proof even then we consider standard deduction while calculating TDs liability
3) Can we deduction if we give partner remuneration to two partner monthly 60000/- each partner

please help me in this regard
Replies (2)

1. For salaried employee YES

2. For salaried employee  YES

3. Check sec. 40(B) of IT act.

Thanks for your prompt response.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register