Tds on llp

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kya LLP ek company hai aur ispay tds company wala karayga ya non company wala
Replies (12)
LLP is not company , it's Limited Liability partnership Ship firm govern as per LLP Act 2008 ,and TDS applicable as per Income tax act .
LLP is not a company. Rates as applicable to non-corporate deductees applicable to LLP as well
1% se tds katayga kya LLP kay upper jo individual transporter pe kat ta hai
Yes, you are right
Thnk you cma poornima madhava
Poornima ji, I think TDS @ 2% shall be levied on payments to LLP.

@ Sayed

No no. Actually rate as applicable to individuals is not applicable to LLP because LLP is not an individual. I wanted to communicate that while paying tax you may select non-corporate deductee in the challan in case of LLPs. Seems like I got confused and mixed it up. Deduct 2% in this case. Sorry for the confusion.

@ lotus

Thanks for correcting me.

It's alright poornima ji.
Llp pe llp wala rate lagega
Matlab @ veerendar singh
Matlab bada hi simple ha
llp ko na to individual wala rate lagega aur na hi company wala.
llp ko llp wala rate lagega

@ Sayed,

There is no specific rate for LLP as such. You may choose the rate as applicable to RESIDENT PERSON OTHER THAN INDIVIDUAL/HUF. For example, 2% in case of TDS u/s 194C.

For more, refer the link: https://cleartax.in/s/section-194c-tds-on-contractor


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