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Tds on llp
kya LLP ek company hai aur ispay tds company wala karayga ya non company wala
Replies (12)
Quick Summary
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
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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