Dear Sir,
We are a Partnership firm established on 1/05/2009. the annual turnover for FY 09-10 is Rs.17,00,000/- approximately. Please let us know what is the last date to submit the TDS (if applicable) and file the return. We have paid commision and Interest. We have not deposited any TDS amount till date. Just we have taken a TIN number this year. So what to do now.
Somebody told that as firm is not in audit, deducting TDS is not required.
Some say it is mandatory for firm, but you can deposit that amount with your ITR, just you will be charged some interest on TDS amount.
Please clarify immediately.