Applicability of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2015
Dear Seniors,
In FY 2014-15 A proprietary firm's turnover was exceed 1 crore therefore this firm is deducting TDS in FY 2015-16, however in this existing FY it's estimated turnover will be below 1 crore, plzz clarify if it's turnover is below 1 crore in FY 2015-16, then will this proprietor ship concern be liable to deduct TDS even in FY 2016-17, or not..
Thanxx in Advance
In FY 2014-15 A proprietary firm's turnover was exceed 1 crore therefore this firm is deducting TDS in FY 2015-16, however in this existing FY it's estimated turnover will be below 1 crore, plzz clarify if it's turnover is below 1 crore in FY 2015-16, then will this proprietor ship concern be liable to deduct TDS even in FY 2016-17, or not..
Thanxx in Advance
20 December 2015
No liability to deduct TDS for FY 2016-17.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Reporting Income under Section 44ADA
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
