Tds on remuneration to partners of llp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2017
In case of an LLP whose profit is more or less fixed for every year and based on the same, the LLP pays share of profit to a partner on a monthly basis in lieu of year end share of profit, is TDS required to be done on the monthly payments ?
Nikhil Kaushik
(Expert)
13 June 2017
nopes. you just show monthly withdrawals as drawings.....
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