Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2016
hello dear friends and experts
Our partnership firm may cross its turnover of One Crore in F.Y 2016-17. In F.Y 15-16 our turnover was 80,00,000. What my question is When I should deduct TDS. Can we apply for the TAN in this financial year itself or can we go for next year
Our partnership firm may cross its turnover of One Crore in F.Y 2016-17. In F.Y 15-16 our turnover was 80,00,000. What my question is When I should deduct TDS. Can we apply for the TAN in this financial year itself or can we go for next year
24 September 2016
TDS is not related to Tax Audit. If the amount crosses the limits prescribed under different sections, mentioned in TDS then U must have to deduct TDS and apply for TAN.
05 October 2021
For partnership firm, the TDS deduction is mandatory as per limit specified in the TDS section itself; no other privilege.
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