What is the TO limit for TDS application for Proprietorship - Income Tax Forum - Chartered Accountants India,Taxpayers, CAs India, CA india ,ICAI, Company Secretary ,CS, Cost Accountants, MBA, Finance Professionals

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There are 2 Replies to this message

Ashwin Rk Ghadge
Consultant
[ Scorecard : 28]

Posted On 30 January 2010 at 11:21

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Amir
Learner
[ Scorecard : 2660]

Posted On 30 January 2010 at 12:53

Dear Ashwin,

In case of Properitory Firms,TDS is applicable if Turnover in the preceeding year exceeds

Rs. 40 Lakhs in case of Business

Rs. 10 Lakhs in case of Profession

C.Balaji
Student
[ Scorecard : 1210]

Posted On 30 January 2010 at 13:48

agree with Mr.Amir

In case of Properitory Firms, if T.O. in the preceeding year exceeds

Rs. 10 Lakhs in case of Profession

Rs. 40 Lakhs in case of Business