Applicability of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2015
Dear expert
my client (individual) turn over is less then 1 crore in FY 2014-15. but his net profit is below 8% hence audit is to be conduct. please confirm whether my client is liable to deduct TDS in FY 2015-16
my client (individual) turn over is less then 1 crore in FY 2014-15. but his net profit is below 8% hence audit is to be conduct. please confirm whether my client is liable to deduct TDS in FY 2015-16
04 April 2015
No. TDS not required to be deducted. If 44AB applicable in FY 2014-15 only then liable to deduct TDS from 01.04.2015.
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