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Tds on remuneration to partners of llp

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Querist : Anonymous

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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 ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 June 2017 nopes. you just show monthly withdrawals as drawings.....

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