proprietor shud deduct tds on his salary

shweta jain (Assisstant Audit Manager) (124 Points)

09 April 2009

shud proprietorship deduct tds on salary paid to his proprietor?

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6 Replies

Darshit (CA Final) (964 Points)
Replied 09 April 2009

As per my knowledge proprietor business is considered at par with individual so how can an individual give salary to himself.

The question of TDS doesnt come into picture.

Sumit Jain (CA) (4760 Points)
Replied 09 April 2009

proprieter and the business is same

cant deduct tds

i dont think that a propreiter business gives salary to a proprieter

CA.Tarun Maheshwari (CA, DISA) (7150 Points)
Replied 09 April 2009

Harminder (PROPRIETOR) (31 Points)
Replied 09 April 2009

Proprietor!!!!!!!!!!!!! and salary !!!!!!!!!!!! How come? Wat's the defination of Proprietor ! first try to know that...............

Regards

Harminder

CA Ranjeet Kumar (profession) (23 Points)
Replied 12 April 2009

Originally posted by :shweta jain
"	shud proprietorship deduct tds on salary paid to his proprietor?	"

proprietorship firm cannot give salary to its proprietor

CA. Megha Topiwala (Job) (1534 Points)
Replied 12 April 2009

even if d salary is paid to propritor then also it is not allowed as expense under IT Act.... hence no required to deduct TDS....

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