Applicability of tds
This query is : Resolved
20 September 2014
Applicability of tds in respect of salary given to partners Rs. 4,00,000 each per annum.
21 September 2014
The salary or remuneration to a partner by a partnership firm is not charged under the head salary, but treated as “business income” in the hand of partner.
Therefore, there is no question of TDS on salary or remuneration paid by the firm to the partners of a firm.
Therefore, there is no question of TDS on salary or remuneration paid by the firm to the partners of a firm.
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