determination of tds liability
This query is : Open
07 April 2017
turnover of My Client during f.y. 2015-16 is 94 Lakh, during 2016-17 is rs. 1.15 Crore
My Question is whether he is Liable to Deduct TDS during payment Made in f.y. 2016-17 and 2017-18.
08 April 2017
No TDS liability for fy 2016-17 but liable for fy 2017-18.
08 April 2017
but sir audit threshold limit was already increased from 1 crore to 2 crore for f.y. 17-18
08 April 2017
The increase is only for those opting for 44AD.
08 April 2017
ok sir thanks for your valuable suggestions
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
- Income tax return change regime form necessary or not?
- Tax Audit Mandatory or Optional
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Medical facility
- Maintenance of asset register
- GST Registration DELHI MUMBAI
- Refund credit after 143 (1) intimation
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
