T.d.s applicability on firm
This query is : Resolved
17 September 2013
is firm liable to deduct t.d.s in the first year of audit?
17 September 2013
Yes,,firm need to deduct tds if payments exceeds threshold limit under specified sections of tds
.
.
exemption on basis of applicability of tax audit is only for sole proprietor ships ,,partnership firms cannot enjoy this exemption
.
.
exemption on basis of applicability of tax audit is only for sole proprietor ships ,,partnership firms cannot enjoy this exemption
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