TDS on Salary paid to Partner
This query is : Resolved
20 June 2008
Anyone can tell me whether TDS deducted on payment of salary to partner in partnership firm?
20 June 2008
Yes
20 June 2008
I dont agree with you Mr. Vivek. Salary paid to a partner of a partnership firm is a business income for the recipient and not salary as defined under Sec 17. Hence the provisions of Sec 192 is not applicable in case of salary paid to a partner of a partnership firm & not tax need to be deducted.
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