TaxTMI 
TaxTMI 
TaxTMI 
TDS ISSUE FOR PARTNERSHIP FIRM
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....DS ISSUE FOR PARTNERSHIP FIRM<br> Query (Issue) Started By: - satheesh m Dated:- 26-12-2012 Last Reply Date:- 6-3-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>I am a partner of a Firm having 4 part....
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....ners, running a franchisee business of a stock broker .The income is coming in my name which is credited to the Firms current account . the franchiser is remitting TDS in my name as I have signed f....
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....ranchisee agreement with them and also they are paying commission in my name. The firm files return and shows the My TDS in the firm's account. The firm got a demand notice from IT department statin....
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....g that the firm has to pay tax and the partner has to claim TDS refund. As per partnership act the amount received in the name of any partner on behalf of the firm can be treated as firm's income, why....
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.... the IT department is not allowing to set-off the TDS. They are telling the new software doesn't allow to set-off. What is the solution for this issue?????? WHY THE SOFTWARE IS MADE UNCOMPATIABLE WI....
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....TH ACT? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the said issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....