Query tds on subcontracting to the partners

bhavik mehta (C.A.) (526 Points)

14 September 2013  

Hello all,

In one of thee case partnership firm has subcontract to the partner in his personal capacity. so my Q are:

1. is it allowed or it is considered in part of remuneration paid /allowed t the partner?

2. if allowed whether p. firm required to deduct TDS on it?

3. and all this transactions whether suggested to be book in capital a/c or with separate a/c in the books of a/c?

Thanks to all.

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