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    <title>TDS ISSUE FOR PARTNERSHIP FIRM</title>
    <link>https://www.taxtmi.com/forum/issue?id=5098</link>
    <description>Receipts and commission for a franchisee business are taxed and TDS is credited in the name of an individual partner though funds are credited to the firm; the firm reports the TDS but the tax office demands the firm pay the tax and directs the partner to claim refund. The issue raises the conflict between Partnership Act attribution of partner-received amounts as firm income and revenue software or administrative processing that prevents setting off TDS against the firm&#039;s liability.</description>
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    <pubDate>Wed, 26 Dec 2012 12:07:19 +0530</pubDate>
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      <title>TDS ISSUE FOR PARTNERSHIP FIRM</title>
      <link>https://www.taxtmi.com/forum/issue?id=5098</link>
      <description>Receipts and commission for a franchisee business are taxed and TDS is credited in the name of an individual partner though funds are credited to the firm; the firm reports the TDS but the tax office demands the firm pay the tax and directs the partner to claim refund. The issue raises the conflict between Partnership Act attribution of partner-received amounts as firm income and revenue software or administrative processing that prevents setting off TDS against the firm&#039;s liability.</description>
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      <law>Income Tax</law>
      <pubDate>Wed, 26 Dec 2012 12:07:19 +0530</pubDate>
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