Regarding 44 ab

This query is : Resolved 

15 October 2015 dear member we have partnership firm started from 1 may 2015 and our turnover cross 1 crore in our case can we get exemption from TDs as per section 44 ab please guide

15 October 2015 For partnership firms that exemption is not available You have to charge TDS from day one irrespective of whether your case is tax audit or not.

15 October 2015 Turnover based exemption from TDS provisions is applicable ONLY for INDIVIDUALS and HUF.




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