TDS to be deduct or not?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2010 if a partner ship firm is incorporate and in 1st year he pays contract charges to one party more than 100000/- and the firm is not in audit as it is 1st year

as the firm is liable to deduct TDS on contrect

Aditya Maheshwari

Aditya Maheshwari (Expert)
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10 May 2010 Partnership Firms liable for TDS deduction from day one. So TDS deductible.

Exemption only to proprietorship firms if not liable for audit u/s 44AB in the previous year

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