Easy Office

Tds applicability

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 June 2017 Dear Experts.
our proprietary firm turnover is 1 crore 76 Lacs in FY 2016-17. the tax audit is applicable u/s 44AB but we are going to opt sec 44AD Not for Tax audit. plz let me know do we need to deduct TDS in FY 2017-18.

Thanks
Swati
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
24 June 2017 In last assessment year if your turnover exceeds 1 crore & you get your accounts audited then only you required to deduct TDS. However no such prov in respect of TDS on salary u/s 192
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
24 June 2017 So no need to deduct TDS except u/s 192.



Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
13 October 2021 Once limits as per sec. 44AB(a) applicable, TDS deduction in next FY is mandatory.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links