Tds on llp
Sayed Nabil (297 Points)
23 June 2021
kya LLP ek company hai aur ispay tds company wala karayga ya non company wala
Sayed Nabil (297 Points)
23 June 2021
prasad Nilugal
(3909 Points)
Replied 23 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 23 June 2021
Sayed Nabil
(297 Points)
Replied 23 June 2021
Lotus Agrawal
(Practice)
(1356 Points)
Replied 23 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 24 June 2021
@ 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.
veerendar singh
(tax consultant)
(3301 Points)
Replied 26 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 26 June 2021
@ 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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