Consultancy charges to managing partner

This query is : Resolved 

08 May 2013 Sir
Whether a partnership firm can pay consultancy charges to one of its partners other than Interest on capital and working partners salary
Rgds

Kindly let me If the firm pay consultancy charges ,TDS @10% to be deducted any other formalities to be complied.
Thanks & Rgds

08 May 2013 they can pay,

08 May 2013 I advise better to pay the increase in the Remuneration...Hence no question of TDS as well....




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