TDS to be deduct or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2010
if a partner ship firm is incorporate and in 1st year he pays contract charges to one party more than 100000/- and the firm is not in audit as it is 1st year
as the firm is liable to deduct TDS on contrect
as the firm is liable to deduct TDS on contrect
Aditya Maheshwari
(Expert)
10 May 2010
Partnership Firms liable for TDS deduction from day one. So TDS deductible.
Exemption only to proprietorship firms if not liable for audit u/s 44AB in the previous year
Exemption only to proprietorship firms if not liable for audit u/s 44AB in the previous year
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