Tds deduction
chauhan sanjay (Accountant) (41 Points)
24 October 2016chauhan sanjay (Accountant) (41 Points)
24 October 2016
Sharad
(Director)
(79 Points)
Replied 24 October 2016
Tax Audit limit has been increased when profits are taxed under presumptive method
Yasam Naga Gopi
(Practicing Chartered Accoutant)
(61 Points)
Replied 24 October 2016
Yes. you will have to deduct tds on expensed beacause the tax audit applicability has to seen in the previous financial year.In previous year tax audit was applicable said by you. So tds will be deducted on expenses
Yasam Naga Gopi
(Practicing Chartered Accoutant)
(61 Points)
Replied 24 October 2016
Yes. you will have to deduct tds on expensed beacause the tax audit applicability has to seen in the previous financial year.In previous year tax audit was applicable said by you. So tds will be deducted on expenses
Yasam Naga Gopi
(Practicing Chartered Accoutant)
(61 Points)
Replied 24 October 2016
Yes. you will have to deduct tds on expensed beacause the tax audit applicability has to seen in the previous financial year.In previous year tax audit was applicable said by you. So tds will be deducted on expenses
Yasam Naga Gopi
(Practicing Chartered Accoutant)
(61 Points)
Replied 24 October 2016
Yes. you will have to deduct tds on expensed beacause the tax audit applicability has to seen in the previous financial year.In previous year tax audit was applicable said by you. So tds will be deducted on expenses
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 24 October 2016
When the individual or huf - whose total sales or gross receipts from business exceeds the monetary limits specified in s.44AB in the preceding financial year - such individual or huf is liable to deduct TDS.
In your case- the client being an individual - whose turnover exceeds the limit of 1cr for the FY2015-16 - liable to deduct TDS intespct of payments made in the FY 2016-17. ( the question of turnover for the AY 2017-18 ie FY 2016-17 does not arrise )
hence liable to deduct TDS for the AY 2017-18.
saranraj thangaraj
(articled assistent)
(121 Points)
Replied 25 October 2016
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