Applicability of tds provisions to assessee opting 44ad
This query is : Resolved
Gaurav Mahajan
(Querist)
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.
CA R SEETHARAMAN
(Expert)
16 September 2018
TDS provisions applicable only when turnover exceed 1 crore.
Gaurav Mahajan
(Querist)
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?
CA R SEETHARAMAN
(Expert)
17 September 2018
Yes agreed with you TDS applicable in case of salary payment.
Message likes :
1 times
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
- Query on effect of registration of property
- GST on reimbursement of expenses
- Visiting card purchase
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
