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