https://www.taxtmi.com/forum/issue?id=120899 Section 194T was discussed in relation to remuneration paid by a firm to a partner where the actual payment exceeds the amount allowable under section 40(b). One view stated that TDS must be deducted on the full amount paid and that section 40(b) only limits deduction in the firm's hands, while section 28(v) taxes the partner on the full receipt with TDS credit available under section 199. A contrary view raised the issue of mismatch and queried whether the excess could be treated as exempt income. en-us Sat, 02 May 2026 14:35:16 +0530 Mon, 04 May 2026 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120899 Section 194T was discussed in relation to remuneration paid by a firm to a partner where the actual payment exceeds the amount allowable under section 40(b). One view stated that TDS must be deducted on the full amount paid and that section 40(b) only limits deduction in the firm's hands, while section 28(v) taxes the partner on the full receipt with TDS credit available under section 199. A contrary view raised the issue of mismatch and queried whether the excess could be treated as exempt income. Discussion-Forum Income Tax Sat, 02 May 2026 14:35:16 +0530 https://www.taxtmi.com/forum/issue?id=120899