Tds
This query is : Resolved
06 October 2014
If A and B are two partnership firms and B constructs a road on behalf of A and gets 75 lacs from A. Is A liable to deduct TDS on that 75 lacs while the turnover of A and B is 85L and 95L respectively.
Nikhil Kaushik
(Expert)
07 October 2014
yes. Firms are not exempted deducting TDS based on their or deductee's turnover.
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