TDS deduction on Partners salary if below exemption or abov
Gupta (STUDENT) (56 Points)
01 February 2011Gupta (STUDENT) (56 Points)
01 February 2011
Pankaj Arora
(Learner)
(3134 Points)
Replied 01 February 2011
If partner is taking salary below exemption limit than no need to deduct tds and no matter of form 16
If no assess of firm taking salary below exemption limit than no need to file Tds return of salary 24Q.
TDS should deduct only on salary amount.