Applicability of tds on proprietor ship firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2015
Dear all
the proprietorship will be audit for having below 8% profit but now this proprietorship firm is paying rs. 12600 pm interest. please suggest me whether this firm need to obtain the tan no to deduct the tds in respect of paying interest for it's unsecured loan.
expert view are required
thnks
the proprietorship will be audit for having below 8% profit but now this proprietorship firm is paying rs. 12600 pm interest. please suggest me whether this firm need to obtain the tan no to deduct the tds in respect of paying interest for it's unsecured loan.
expert view are required
thnks
25 August 2015
TDS not applicable for such firm as turnover not exceeding 1 crore.
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