Tds
This query is : Resolved
05 October 2015
I have a partnership firm and the fitm has deducted tds on contract payments but the firm is currently in d process of construction of building and shed. So do i still have to file tds returns quarterly?? D firm is yet to start business operations! And whaf if i dint file the tds return fr the frst quarter?
05 October 2015
Yes. Because non deduction of TDS/non filing of returns attracts penalty
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