Whether Partnership firm not covered under section 44AB (Tax Audit) is required to deduct TDS
vidya shetty (senior accountant) (105 Points)
12 December 2009Whether Partnership firm not covered under section 44AB (Tax Audit) is required to deduct TDS
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 12 December 2009
Partnership firm is by default included for TDS. It has to compulsarily deduct tax at source. There is no criteria of 44AB for partnership firms. Even if the firm is not in purview of 44AB, it has to deduct tax at source on eligible payments
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 12 December 2009
yeh.... Agree with Mr. Amol Kabra...
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