banner_ad

Tds exemption for llp

589 views 1 replies
Hi Guys, I have an LLP providing services to another LLP. My question was - when i raise an invoice to the said LLP from my firm, are they liable to deduct TDS for the payments made to me? I am novice with tax related matters so any help here would be greatly appreciated. Does it also mean that when I make payments, I have to deduct TDS from each payment. Please note that I am in the 1st year oif existence
Replies (1)

It depends on nature of transaction. Do you provide consultancy services to other LLP (in this case)? If yes, whoever pays you deducts tax at source @ 10% u/s 194J (if consultancy). Similary when you make payment for certain transactions (like rent, contract etc) you need to deduct tax at source at different rates. Your question is not specific to answer to the point.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details