Client is partnership firm engaged in hospital service.Firm is in its first year of business.Amount paid by partnership to contractor for construction of Hospital.Whether the provisions under section 94c is applicable to partnership firm having in its first year turnover of RS.zero? or less than 1crore?
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Tds under section 94c
Replies (1)
yes provisions of TDS are applicable to a firm unlike individual Huf who are liable to deduct tax only if tax audit is applicable to them.
there's no Nexus between the turnover and liability to deduct tax for a p'ship firm
there's no Nexus between the turnover and liability to deduct tax for a p'ship firm
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