https://www.taxtmi.com/forum/issue?id=120869 Tax deduction at source under the Income-tax Act is not dependent on the payer's present profitability or existence of income in the profit and loss account. A person responsible for making payments for contractual work, professional or technical services, consultancy, or other specified categories must deduct TDS when the relevant sum is credited or paid, whichever is earlier, if the applicable threshold conditions are met. The obligation applies even where an LLP is in the project or construction stage and has not yet commenced revenue-generating operations. en-us Wed, 15 Apr 2026 16:48:50 +0530 Wed, 15 Apr 2026 18:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120869 Tax deduction at source under the Income-tax Act is not dependent on the payer's present profitability or existence of income in the profit and loss account. A person responsible for making payments for contractual work, professional or technical services, consultancy, or other specified categories must deduct TDS when the relevant sum is credited or paid, whichever is earlier, if the applicable threshold conditions are met. The obligation applies even where an LLP is in the project or construction stage and has not yet commenced revenue-generating operations. Discussion-Forum Income Tax Wed, 15 Apr 2026 16:48:50 +0530 https://www.taxtmi.com/forum/issue?id=120869