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
Quick Summary
muthusundar
(Querist)
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.
Dhirajlal Rambhia
(Expert)
20 December 2021
NO. PARTNERSHIP FIRM SHOULD SATISFY THE CRITERIA.
muthusundar
(Querist)
21 December 2021
Thank you very much for your immediate reply
Dhirajlal Rambhia
(Expert)
21 December 2021
Its my pleasure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Ito add credit side of bank
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Import of Capital Machine
- Closer of business and itc of capital goods
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
