Tds applicability in partnership firm
This query is : Resolved
Quick Summary
19 December 2014
i want to know that i am a partner of partnership firm and having a turnover of RS 1000000,
currently i am paying amount of a contract Rs 210000 to my service provider (covered under telecommunication service) so tell me should i deduct TDS ?? AND at what Rate ???
currently i am paying amount of a contract Rs 210000 to my service provider (covered under telecommunication service) so tell me should i deduct TDS ?? AND at what Rate ???
Amol S Joglekar
(Expert)
19 December 2014
You need to deduct TDS.
Apply for TAN in the first place.
Apply for TAN in the first place.
CA Kumar Mukesh
(Expert)
19 December 2014
TDS required to be deduct by firm in all cases under section 194C.
However, no TDS required to be under by individual if he is not covered under tax audit 44AB
However, no TDS required to be under by individual if he is not covered under tax audit 44AB
Rupesh Jain
(Expert)
20 December 2014
of telecommunication bill like internet, mobile bill, telephone bill etc.not required to deduct the tds u/s 194C.
you are partnership firm. if you pay any amount which is required to deduct the tds then you have to deduct the tds w/o considering sales amount.
and you have to apply for tan due to partnership have no exemption for deducting TDS.
you are partnership firm. if you pay any amount which is required to deduct the tds then you have to deduct the tds w/o considering sales amount.
and you have to apply for tan due to partnership have no exemption for deducting TDS.
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