TDS applicability for partnership firm


This query is : Resolved 

Quick Summary
This discussion clarifies TDS applicability for partnership firms opting for the presumptive taxation scheme under Section 44AD. Generally, TDS deduction is not mandatory if the firm declares income under this section. However, this exemption applies only if the firm's turnover in the preceding financial year did not exceed Rs. one crore. For a newly incorporated firm in 2025-26, TDS deduction under 44AD is not mandatory for that year.

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..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details