Tds
This query is : Open
20 November 2014
hi, if a person is a partner in a partnership firm and he has also sole proprietorship firm running the same business as that of partnership firm. if firm is paying job work charges to the partner's sole proprietor firm then whether partnership firm is liable to deduct TDs for same as amount has increased 75000.
21 November 2014
Yes. In the given situation TDS is required to be deducted u/s 194C.
21 November 2014
But as the job work charges are paid to The partner even then Tds is required to be deducted.
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