Tds liability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2015 Dear Sir
One of my friend are constructed a banquet hall, in this link he make the payment to contractor of 15 lac ,is he liable for tax deduction(TDs) or not

awaiting for Expert advice

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 May 2015 If he is an individual not liable for tax audit no need to deduct TDS else he is liable for TDS.

Rupesh Jain

Rupesh Jain (Expert)
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26 May 2015 your friend is individual and his last year turnover not liable to take audit u/s 44AB then tds not applicable.
otherwise tds will be deductible
and in any case partnershipfirm, pvt, ltd you have to deduct the tds.