14 December 2012
A Partnership Firm , F.Y. 2011-12 is The First Year. Now Made some Interest Payment. TDS Need to be Deductible or not.since its first year.
14 December 2012
Hi, exemption from deduction of TDS in case of non tax audit in previous year is available only for individual and HUF and not to partnership firm hence TDS will have to be deducted irrespective of the fact whether tax audit was done in last year or not