Is 206 C (1H) applicable to new firm, which is proprietorship in year 2020-21 and T.O More than 10 C
This query is : Resolved
20 December 2021
Last year 2020-21 we are proprietorship and turnover was more than 10 crore. This year we are partnership firm. My question is whether 206 c (1H) is applicable to new firm or not.
20 December 2021
NO. PARTNERSHIP FIRM SHOULD SATISFY THE CRITERIA.
21 December 2021
Thank you very much for your immediate reply
21 December 2021
Its my pleasure.
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