Tds exemption for llp
Priyank Shah (4 Points)
10 February 2016Priyank Shah (4 Points)
10 February 2016
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 10 February 2016
It depends on nature of transaction. Do you provide consultancy services to other LLP (in this case)? If yes, whoever pays you deducts tax at source @ 10% u/s 194J (if consultancy). Similary when you make payment for certain transactions (like rent, contract etc) you need to deduct tax at source at different rates. Your question is not specific to answer to the point.
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