About tds
This query is : Resolved
30 December 2014
my client having tds no. but he is not in audit criteria. some customer request tds certificate so he take tds no. now it is compulsory to require to deduct tax from all expenses which are in tds criteria.
pl give uregent reply.
he already file 2nd quarter of tds.
pl give uregent reply.
he already file 2nd quarter of tds.
30 December 2014
Incase tds deduction not required as per audit criteria. Ask your client to explain the non applicability tds deduction. If customers asking tds certificate means your client might have deducted the tax. If already tds deducted your client need fo file the returns and issue the tds certificates
30 December 2014
he is already file the tds return & issue the tds certicate to the party which need. but my question is that he has to deduct tax of other party also if they are in tds expenses criteria.if once he deduct the tax of one party & in another quarter some xyz party has issue bill of rs. 100000/- than he has to deduct tax. he has to follow tds rule as per audit criteria
30 December 2014
What critera your client is claiming they not come under tds deduction
30 December 2014
If TDS deducted from some party then TDS should be deducted from all coming within the purview of TDS deduction. So either TDS should not be deducted since file not under Tax Audit (This exemption is only for Individual and HUF) or if its deducted from some parties then it should be deducted from all such payments that attract TDS deduction.
31 December 2014
Thank u Sanjay Sir, u understand my problame & solve my confusion. thanks a lot.
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