Tds on firm filing itr u/s 44ad

TDS 526 views 1 replies

Dear Sir

My client is partnership firm and the firm was created in April 2012. the firm has filed return u/s 44 AD for A.y. 2013-14 .i.e. firm is not maintaining books of account.

Whether the firm was required to deduct tds in f.y. 2012-13 and in f.y. 2013-14. Because tds provision on firm applies from the day it is created.

How can firm deduct tds when it was not maintaining books of account and filing itr u/s 44AD

Please help

Thanks

Replies (1)

provision of TDS does not require maintaining of books. if you are incurring expenses falls under the provisions  of TDS, you should deduct tax on it. 


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