Applicability of tds provisions to assessee opting 44ad
This query is : Resolved
16 September 2018
If an assesse having business income (Less than Rs. 100 lacs in the preceding F.Y) opted for Section 44AD taxation scheme pays salary to his employee, whether TDS liable to be deducted u/s 192, when employee's total income exceeds "the maximum amount not chargeable to tax" ?
Thanks in anticipation.
Thanks in anticipation.
16 September 2018
TDS provisions applicable only when turnover exceed 1 crore.
16 September 2018
But sir isn't it that S-192 mentions every assessee who ia required to pay salary is required to deduct tds if employee's total income is chargeable to tax?
17 September 2018
Yes agreed with you TDS applicable in case of salary payment.
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