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Tds on partner's salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2016 whether firm paying remuneration to its partner more than the taxable limit will liable to deduct tds on the part of remuneration paid to partner's.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
05 January 2016 No, TDS is not required to be deducted by the firm on remuneration to the partners even it exceeds the taxable limit.

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