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Tds turnover limit
what is turnover limit for partnership firm for TDS deduction for the financial year 2023-24
Replies (5)
TDS provision applies to partnership firm whether covered under 44AB audit or not.
Limit is based on TDS section not over turnover of the firm.
in case of newly set up firm tds will be deducted from beginning the firm for making payment to contractors professionals and employees
Yes, liable for TDS deductions on all such payments, if amount exceeds the specified limits as per the sections.
Thank you sir
You are welcome.
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