applicabilty tds where income declared u/s44ad
This query is : Resolved
20 February 2014
Dear Sir,
Whether individual assesse is required to deduct TDS for payment made to sub-contractor for the F.Y 2012-13 where he has declared income u/s 44AD for F.Y 2012-13 , where as assesse has got his accounts audited u/s 44AB for F.Y 2011-12 as his turnover exceeded the monetary limit specified u/s 44AB
Whether individual assesse is required to deduct TDS for payment made to sub-contractor for the F.Y 2012-13 where he has declared income u/s 44AD for F.Y 2012-13 , where as assesse has got his accounts audited u/s 44AB for F.Y 2011-12 as his turnover exceeded the monetary limit specified u/s 44AB
24 February 2014
yes you have to deduct tds.
please refer Explanation (i) clause (l) to section 194C
please refer Explanation (i) clause (l) to section 194C
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02 August 2014
Dear Sir,
When we does not keep our books of account then how it is possible to deduct Tds on payment made to others.
When we does not keep our books of account then how it is possible to deduct Tds on payment made to others.
02 August 2014
dear friend, not maintaining accounts is an additional error as it is non-compliance of 44AA. So, maintain the books as well as deduct TDS.
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