Tds on partner's salary

This query is : Resolved

Report Abuse Follow Query Ask a Query

Trainee

Trainee (Querist)
Follow

17 May 2016 Is there any liability on firm to deduct TDS on salary given to Partners??..

Rupesh Jain

Rupesh Jain (Expert)
Follow

17 May 2016 your are giving the remuneration to partner as sec 40(b) then no tds will deductable. its remuneration. partner not the employee. its remuneration taxable under the business income head.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Additional place of business belonging to late grandfather
Handmade products Manufacturing activity - Virtual Office
TDS on Property joint Buyer
Gift of Gifted unlisted shares
Interest on partners capital in case of loss
Tax audit late filing penality provision applicable f.y.23-24
Which Section is applicable?
Claim after death
Section 131(1A) notice but i have filed return in 44AD
Registration u/s 12A rejection

Can loss be disallowed in time-barred assessment years
Going Concern in first year of operations
Deject a form Submitted earlier
IGST REFUND ON EXPORTS
Intimation of ITR-U
Import HSN data into GSTR1-GST Query
Accounting groups under
Right issue shares
Journal entry in the case of individuals for Tax payment and refund
Require AOA and MOA for Blockchain Company.

Trending Online Classes

Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

21 October 2024
GST Live Certification Course (40th Batch)(With Certificate)

CA Arun Chhajer

Enroll Now

17 November 2024
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)

CA Arun Chhajer

Enroll Now

13 October 2024

view all classess

Tds on partner's salary

Similar Resolved Queries

Trending Online Classes

Quick Links