About tds

This query is : Resolved

hemlata p. soni (Querist)

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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

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

hemlata p. soni

hemlata p. soni (Querist)

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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

30 December 2014 What critera your client is claiming they not come under tds deduction

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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.

hemlata p. soni

hemlata p. soni (Querist)

31 December 2014 Thank u Sanjay Sir, u understand my problame & solve my confusion. thanks a lot.

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