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?
Ganeshbabu K
(Expert)
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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