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TDS

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05 December 2020 Hi,

One new LLP (Formed in Sep 2019) has not deducted TDS on Partners Remuneration till date i.e. 05.12.2020. The partners are the directors in other PVT. LTD. Company also. What will happen wrt to TDS now? Whether interest will be levied on LLP or there is any other option to avoid it?

Many Thanks!

05 December 2020 TDS provision not applicable on Salary paid to Partners of LLP.




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