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Liable to deduct tds

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157 Points Posted on 09 February 2023
if a partnership firm having professional receipts less than 50 lac but get audited u/s 44AB(d) should he take tan no. will he be liable to deduct tds
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On 09 February 2023 at 08:07 Report
Replies (7)
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Chartered Accountant
86505 Points Posted on 09 February 2023
TDS applicable only if turnover exceeds 1 crore
814 Reply
On 09 February 2023 at 08:21
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157 Points Posted on 09 February 2023
But this is partnership firm not ind. or HUF
6 Reply
On 09 February 2023 at 08:22
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GST Practitioner & Accounts
15085 Points Posted on 09 February 2023
Yes, turnover 1 Crore applicable to Individual HUF , so TAN is required for partnership firm.
24 Reply
On 09 February 2023 at 08:52
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GST Practitioner & Accounts
15085 Points Posted on 09 February 2023

Apply  in form 49B  for TAN  , and wait  for other reply also .  

24 Reply
On 09 February 2023 at 09:12
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Chartered Accountant
86505 Points Posted on 09 February 2023
Form partnership also TDS required only after 1 crore
814 Reply
On 09 February 2023 at 11:03
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12244 Points Posted on 10 February 2023
Turnover limits for liability to deduct TDS is applicable only to individuals and hufs
35 Reply
On 10 February 2023 at 01:34
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Chartered Accountant
86505 Points Posted on 10 February 2023
Agreed with ramakrishnan sir , TDS limit applicable to individual or HUF not for partnership.
814 Reply
On 10 February 2023 at 10:23


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