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Sayed Nabil 29 September 2021

Query on tds on LLP nd company deduction

if tds deducted @ 1% insted of 2% twd LLP and company and partnership what is the consequences of this plz elaborate it's urgent

1 Replies

Raj C Doshi (Practising CA) 29 September 2021

Practically, tds amounts and return are revised to ensure compliance.

however disallowance of 30% or 100% of expense on the amount on which tds is not deducted can happen in your income tax computation.

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