TMI BlogTDS ISSUE FOR PARTNERSHIP FIRMX X X X Extracts X X X X X X X X Extracts X X X X ..... I am a partner of a Firm having 4 partners, 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 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mitting TDS in my name as I have signed franchisee 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... got a demand notice from IT department stating 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the firm can be treated as firm's income, why 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???? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ?? WHY THE SOFTWARE IS MADE UNCOMPATIABLE WITH ACT? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether you have got clarified in the said issue? If not please inform. - TDS ISSUE FOR PARTN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ERSHIP FIRM - Query Started By: - satheesh m Dated:- 26-12-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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