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
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