TDS
This query is : Resolved
07 July 2009
My client have two businesses.he assess in idividual staus both businesses have crosseed turnover of rs. 40 lakhs and liable to tax audit u/s 44AB. There is inter firm transaction and requrie to make TDS on the transaction.Is it necessary to make TDS on transaction even both businesses having indiuviduly assess.
07 July 2009
Hi,
As the proprietor of both the firm is same therefore not liable for TDS on inter firm transactions.
As the proprietor of both the firm is same therefore not liable for TDS on inter firm transactions.
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