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Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2016 hello dear friends and experts

Our partnership firm may cross its turnover of One Crore in F.Y 2016-17. In F.Y 15-16 our turnover was 80,00,000. What my question is When I should deduct TDS. Can we apply for the TAN in this financial year itself or can we go for next year
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Sandeep Dharar

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Sandeep Dharar (Expert)
24 September 2016 TDS is not related to Tax Audit. If the amount crosses the limits prescribed under different sections, mentioned in TDS then U must have to deduct TDS and apply for TAN.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 October 2021 For partnership firm, the TDS deduction is mandatory as per limit specified in the TDS section itself; no other privilege.




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