https://www.taxtmi.com/forum/issue?id=120898 TDS under section 194T is stated to apply to remuneration paid to partners, even where the firm's deduction is restricted under section 40(b). The discussion highlights a case where a firm pays 3 lakhs annually, but only 2 lakhs is allowable in the firm's hands, and raises the issue of reporting when TDS is deducted on the higher amount. The response says the partner may file the return on actual taxable receipts, and any excess TDS would be refunded through the return process. en-us Sat, 02 May 2026 14:35:16 +0530 Sat, 02 May 2026 17:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120898 TDS under section 194T is stated to apply to remuneration paid to partners, even where the firm's deduction is restricted under section 40(b). The discussion highlights a case where a firm pays 3 lakhs annually, but only 2 lakhs is allowable in the firm's hands, and raises the issue of reporting when TDS is deducted on the higher amount. The response says the partner may file the return on actual taxable receipts, and any excess TDS would be refunded through the return process. Discussion-Forum Income Tax Sat, 02 May 2026 14:35:16 +0530 https://www.taxtmi.com/forum/issue?id=120898