shud proprietorship deduct tds on salary paid to his proprietor?
proprietor shud deduct tds on his salary
shweta jain (Assisstant Audit Manager) (124 Points)
09 April 2009
shweta jain (Assisstant Audit Manager) (124 Points)
09 April 2009shud proprietorship deduct tds on salary paid to his proprietor?
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
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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