I want to know TDS under which section is applicable on payments made to LLP designated partner. Please reply whether RCM in GST applicable for payments to LLP designated partners. Thank you.
1 Replies
Kapadia Pravin
(17259 Points)
Replied 04 November 2019
The receipt of remuneration and/or interest from the LLP is taxed as business income in the hands of the LLP Partner. ...
No TDS deduction is necessary from the LLP while making payment of interest and remuneration to LLP Partners
I don't think RCM is applicable.
No TDS deduction is necessary from the LLP while making payment of interest and remuneration to LLP Partners
I don't think RCM is applicable.
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