During Last 05 years there was no tax audit. During financial year 2018-18 turnover exceeds 2.00 crore whether supposed to deduct TDS during financial year 2018-19.wether supposed to deduct TDS on labour charges.
JITENDRA KUMAR GUPTA (ACCOUNTANT) (63 Points)
02 May 2019During Last 05 years there was no tax audit. During financial year 2018-18 turnover exceeds 2.00 crore whether supposed to deduct TDS during financial year 2018-19.wether supposed to deduct TDS on labour charges.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161096 Points)
Replied 02 May 2019
TDS liability arises whenever the accounts are required to be audited u/s. 44AB, in PRECEDING Financial Year...
There is no clarity of FY in the query....
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 02 May 2019
CAclubindia
