Basic requirement for deducting TDS
This query is : Resolved
23 January 2008
What is the basic requirement for individuals to deduct TDS.
S.Srinivasaraghavan
(Expert)
23 January 2008
you have to go through the provisions of section 204 of IT Act for understanding who is the person resposible for paying who is liable to deduct tax at source
CA Hemant T Dewani
(Expert)
26 January 2008
if an individual whose total turnover is rs 40 lakhs and in prfession gross receipt is rs 10
lakhs are liable to audit u/s 44AB under income tax act. the tds provision is applicable to individual only if above condition is applicable
lakhs are liable to audit u/s 44AB under income tax act. the tds provision is applicable to individual only if above condition is applicable
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