Provision of TDS deduction by LLP

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This discussion clarifies the rules surrounding Tax Deducted at Source (TDS) for Limited Liability Partnerships (LLPs) and partnership firms. It confirms that TDS is applicable to LLPs regardless of their turnover, and the same provisions apply to partnership firms. The initial query about a potential 40 lakh or 1 crore turnover limit for LLPs was addressed, with the consensus being that no such limit exists for TDS applicability.

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(Querist)
13 October 2020 Hello Experts! My question is that what is the rule for TDS deduction by LLP. If their turnover is below 40 lac is it mandatory to deduct a TDS of the deductee or their turnover limit is 1 cr for TDS deduction?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 October 2020 TDS applicable for LLP without any turnover limit.
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dikshant

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dikshant (Querist)
14 October 2020 Thanks for your reply and what about the partnership firm?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 October 2020 Same provisions applicable to Partnership firm.
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