Hi,
My father is running a franchise Education Business. We have a Yearly turn over around 80 lacs, out of which our share is 40 lacs.( 50% is share of the parent University whose franchise we run).
I have some queries:-
i) Out of Rs 80 lacs when our share of Rs 40 lacs is given to us, will there be a TDS deduction?If yes, how much?
ii) Secondly, is there a way to save the TDS deduction because we are not getting any profits from the business?
Thanks
Vivek