Applicability of tds
This query is : Resolved
09 March 2013
Dear expert,
i want to know that if the assessee is an individual whose turn over for the F.Y 11-12 is liable for tax audit but in the current year he is seems not to be in tax audit, so whether i have to deduct the TDS on salaries given to employees ?
i want to know that if the assessee is an individual whose turn over for the F.Y 11-12 is liable for tax audit but in the current year he is seems not to be in tax audit, so whether i have to deduct the TDS on salaries given to employees ?
10 March 2013
Yes. You are required to deduct TDS in accordance with section 204(1).
Only in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, TDS is required to be deducted if Tax Audit was applicable in the previous year. So now you have to deduct TDS under these sections as well since Tax Audit was applicable in previous year.
Only in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, TDS is required to be deducted if Tax Audit was applicable in the previous year. So now you have to deduct TDS under these sections as well since Tax Audit was applicable in previous year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Sale of Mutual Funds In Diffirent Financial Years
- Taxation on Old jewellery sold
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- Loss of interest in PF transfer from EPFO to Trust
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
