Mandates on Deducting TDS
This query is : Resolved
17 March 2010
Dear Sir,
We have a new Partnership firm constituted in May 2009. we are traders.
Now is it mandate to deduct TDS on payments we have made in this FY 09-10. on Commssn, Interest, Salary etc. We do not have TIN no. nor we have applied till now.
Also this year we will not be audited. As sales will be below 40 Lacs.
Please respond immediately
Kapish
eliteinfraassociates@gmail.com
We have a new Partnership firm constituted in May 2009. we are traders.
Now is it mandate to deduct TDS on payments we have made in this FY 09-10. on Commssn, Interest, Salary etc. We do not have TIN no. nor we have applied till now.
Also this year we will not be audited. As sales will be below 40 Lacs.
Please respond immediately
Kapish
eliteinfraassociates@gmail.com
17 March 2010
pleae reply
We have a new Partnership firm constituted in May 2009. we are traders.
Now is it mandate to deduct TDS on payments we have made in this FY 09-10. on Commssn, Interest, Salary etc. We do not have TIN no. nor we have applied till now. FY09-10 sale - 25 lac
We have a new Partnership firm constituted in May 2009. we are traders.
Now is it mandate to deduct TDS on payments we have made in this FY 09-10. on Commssn, Interest, Salary etc. We do not have TIN no. nor we have applied till now. FY09-10 sale - 25 lac
17 March 2010
for every firm tds ded'n is compulsory, turnover is no criteria for firms.
so deduct tds and as early as possible take TAN no.
so deduct tds and as early as possible take TAN no.
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17 March 2010
Agree.TDS deduction is compulsory for firms
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