Dear ALL
My client is a partnership firm
InF Y 2014-15, its ITR was filed u/s 44 AD
in F Y 2015-16, the turnover is Rs 3.50 Crore..
TDS applicable or not
Thanks
Shivish Verma (C A) (376 Points)
17 May 2016Dear ALL
My client is a partnership firm
InF Y 2014-15, its ITR was filed u/s 44 AD
in F Y 2015-16, the turnover is Rs 3.50 Crore..
TDS applicable or not
Thanks
CA Mithil Munot
(Proprietor Mithil P Munot & Co.)
(341 Points)
Replied 17 May 2016
TDS is applicable.
Exemption to deducted TDS is only given to Individual and HUF not liable to audit