A partnershilp LLP firm have TAN No. But it did not deduct any TDS of a HUF of Rs. 45000.00 u/s 194A. Is it compulsory for the firm to deduct TDS or what rules? Let me know.
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Tds deduct compulsory or not
Replies (2)
Tax deduction is compulsory for LLP. Only individuals and HUF not covered for tax audit need not deduct tax.
You may read section 194A.
My question is a firm gave interest of Rs. 45000.00 in a year to a HUF but did not deduct TDS, So it is compulsory for the Firm to deduct TDS or what provision or any penalty or what?
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