Ctds on subcontract 194c
This query is : Resolved
24 November 2012
My claint(Propreitor concern) doing Printing Jobwork from April 2012 till now not deduct TDS is correct or not. (turnover till now Rs.50.00 Lakhs Only)
Pankaj Gupta
(Expert)
24 November 2012
only that individual whose accounts are required to be audited under sec 44AB are required to deduct TDS. As your client has not reached the limit of 44ab , hence not reqiured to deduct tds.
24 November 2012
In case my client reached the limit of 44ab from Dec'12 to march 13. we deduct TDS? and if any exemptions in first year of 44AB?
Pankaj Gupta
(Expert)
24 November 2012
Yes then you will have to deduct TDS. and further........ their is no such exemption.
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