TDS - Partner Salary

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..... TDS - Partner Salary
Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 18-3-2025 Last Reply Date:- 23-3-2025 Income Tax
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Income Tax
Section 194T of Income Tax mandate .....

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..... s for TDS @ 10% on Salary etc. paid to a partner. As per sec.28(v), salary paid to partner is taxed under business head only to the extent of what is allowed as deduction in the hands of partnership .....

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..... firm. In one practical case, salary paid to partner is 6 lakh while nothing is allowable in the hands of firm since their only source of income is rental income and there is no business income. If T .....

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..... DS is done, both partner and firm will be paying tax on the same amount. Request experts to give their views how to go about in the given circumstances Reply By SACHIN GARG: The Reply: So In this c .....

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..... ase, you are not paying any salary to partner, instead you are paying a profit share, so 194T is not applicable.
Discussion Forum - Knowledge Sharing .....

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