Tds matter

This query is : Resolved 

11 December 2014 If a partnership firm or Pvt. Ltd. company yearly turnover less then Rs.1crore then they attract TDS as they paid labour charges, consultancy charges to different parties as per I.T. Act, 1961.

11 December 2014 Irrespective of what ever be the turnover for private limited or partnership
.
.
mandatory to deduct tds if any payments attracts TDS

12 December 2014 there is no link of tds deduction by pvt ltd . firm with turnover.

they have to deduct the tds always, if they have no sales of single rupees.


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