tds u/s 194A
This query is : Resolved
24 May 2008
Hi all,
I want to know wheather in any case a patnership firm can deduct tds of a firm (patnership) @ 11.33% instead of 22.66 %
Thanks & Regards
I want to know wheather in any case a patnership firm can deduct tds of a firm (patnership) @ 11.33% instead of 22.66 %
Thanks & Regards
CA Hemant T Dewani
(Expert)
24 May 2008
no,partnership firm can deduct tds of a paartnership @20.60% if total payment is less than one crores
24 May 2008
UNDER SEC 194A,IF RECIPIENT IS A RESIDENT OTHER THAN DOMESTIC CO.THE TDS APPLICABLE IS 10.3%IF AGGREGATE PAYMENT /CREDIT DOES NOT EXCEED RS. ONE CRORE.
IF AGGREGATE PAYMENT /CREDIT EXCEEDS RS. ONE CRORE, THEN THE TDS APPLICABLE IS 11.33%
( FOR FIN. YEAR 2008-09)
SOURCE:DIRECT TAXES READY RECKONER -DR.VINOD.K.SINGHANIA
R.V.RAO
IF AGGREGATE PAYMENT /CREDIT EXCEEDS RS. ONE CRORE, THEN THE TDS APPLICABLE IS 11.33%
( FOR FIN. YEAR 2008-09)
SOURCE:DIRECT TAXES READY RECKONER -DR.VINOD.K.SINGHANIA
R.V.RAO
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
