TDS applicability for partnership firm
This query is : Resolved
11 April 2025
Is partnership firm required to deduct tds if showing profits under 44AD?
11 April 2025
Yes, if turnover in preceding year exceeds Rs. one crore...
11 April 2025
Sir 2025-26 is the first year of partnership incorporation, will the firm liable to deduct tds in 2025-26?
12 April 2025
Not mandatory, if going to declare income under sec 44AD IT act.
29 September 2025
Good luck..
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