194T TDS on Partners Remuneration

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....94T TDS on Partners Remuneration<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 2-5-2026 Last Reply Date:- 2-5-2026 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per section 194T, TDS....

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.... is to be done on remuneration paid to a partners. A partnership firm pays fixed salary of 3 lakhs p.a. But as per section 40(b) allowable salary is 2 lakh. As per section 28(v), its very clear tha....

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....t partner will be taxed only on 2 lakhs which is the deduction allowed in the hands of the firm. But the firm has to mandatorily deduct tax on 3 lakh u/s 194T. In the above situation, how the partner ....

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....can offer income 2 lakh as per section 28(v) while TDS is done on 3 lakh. Plz clarify.. Reply By KALLESHAMURTHY MURTHY K.N.: The Reply: Sir, On your filing of Returns based on actual receipts,....

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.... any excess TDS deduction will be refunded.<br> Discussion Forum - Knowledge Sharing ....