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


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