Tds applicability in partnership firm
This query is : Resolved
19 December 2014
i want to know that i am a partner of partnership firm and having a turnover of RS 1000000,
currently i am paying amount of a contract Rs 210000 to my service provider (covered under telecommunication service) so tell me should i deduct TDS ?? AND at what Rate ???
currently i am paying amount of a contract Rs 210000 to my service provider (covered under telecommunication service) so tell me should i deduct TDS ?? AND at what Rate ???
19 December 2014
You need to deduct TDS.
Apply for TAN in the first place.
Apply for TAN in the first place.
19 December 2014
TDS required to be deduct by firm in all cases under section 194C.
However, no TDS required to be under by individual if he is not covered under tax audit 44AB
However, no TDS required to be under by individual if he is not covered under tax audit 44AB
20 December 2014
of telecommunication bill like internet, mobile bill, telephone bill etc.not required to deduct the tds u/s 194C.
you are partnership firm. if you pay any amount which is required to deduct the tds then you have to deduct the tds w/o considering sales amount.
and you have to apply for tan due to partnership have no exemption for deducting TDS.
you are partnership firm. if you pay any amount which is required to deduct the tds then you have to deduct the tds w/o considering sales amount.
and you have to apply for tan due to partnership have no exemption for deducting TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
