Easy Office
LCI Learning

Partners salary with Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 July 2010 is TDS applicable for partner salary?
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
03 July 2010 Partner's salary is a business income under section 28(v) of the Income tax Act,1961 and hence no need to deduct tax under section 192 of the said act.
Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
05 July 2010 I support the view expressed by our friend BC.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Bharath Kumar

Profile Image

Bharath Kumar (Expert)
12 July 2010 Partner remuneration falls under income from business and not salary hence tds is not applicable

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links