HAI
IF A FIRM IS HAVING TAX AUDIT UNDER SEC 44ADA(DEEMED TAX AUDIT) IN FY 16-17,THEN DEDUCTION OF TAX FOR ELIGIBLE PAYMENTS IS MANDATORY IN FY 17-18 BY THE FIRM.
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Deduction of tds by a firm
Replies (4)
Otherwise also....... Partnership firm is liable for TDS deduction/s; no exemption like individual/HUF.
SIR
CAN YOU PLS GIVE SECTION REFERENCE SO THAT I CAN EXTRACT FULL INFO
Refer Section 194A, 194C, 194H & 194J......... the TDS liability is over all the persons, except individual/HUF [not liable to audit u/s. 44AB (a) & (b) in preceeding year]............ but none of the section exempts partnership firm........ so, TDS liability remains intact for PF, whether liable to audit or not. .. (I hope you have queried for partership firm)
YES SIR.TQ VERY MUCH.I UNDERSTOOD
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