Partnership firm-tds

This query is : Resolved 

16 November 2015 A newly incorporated partnership firm has not deducted TDS on some applicable payments.Its turnover is less than 1 Crore.Suppose it offers presumptive babis of 8% whether there will be any consequence of not deducting TDS?

22 November 2015 the liability to deduct TDS shall remain as it is.


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