Liabilities of tds
This query is : Resolved
vishal singla
(Querist)
28 November 2013
Sale:-
07-08 6300000
08-09 2630000
09-10 2370000
10-11 4480000
11-12 4550000
In 2007-08 our sale is 6300000/- so we are liable for deduct TDS in f y 08-09 ,In 08-09,09-10 our sale is less than 40 lakh so we are not liable to deduct tds in f y 09-10,10-11 respectively.But we deduct tds & submit as per our discretion.In 10-11 sale is less than 60 lakn so we are not liable to deduct tds in f y 11-12 But also we deduct tds & submit as per our discretion.in f y 11-12 our sale is less than 60 lakn & we are not liable to deduct tds & we not deduct tds in f y 12-13. A .O.send notice that we are liable to deduct tds are we are liable to deduct tds in f y 12-13
07-08 6300000
08-09 2630000
09-10 2370000
10-11 4480000
11-12 4550000
In 2007-08 our sale is 6300000/- so we are liable for deduct TDS in f y 08-09 ,In 08-09,09-10 our sale is less than 40 lakh so we are not liable to deduct tds in f y 09-10,10-11 respectively.But we deduct tds & submit as per our discretion.In 10-11 sale is less than 60 lakn so we are not liable to deduct tds in f y 11-12 But also we deduct tds & submit as per our discretion.in f y 11-12 our sale is less than 60 lakn & we are not liable to deduct tds & we not deduct tds in f y 12-13. A .O.send notice that we are liable to deduct tds are we are liable to deduct tds in f y 12-13
CA PARAS BAFNA
(Expert)
28 November 2013
You are not liable for TDS. letter of this intent can be written to the ITO as a reply to the notice.
.
.
28 November 2013
Simple law says that ur liable (if ind / huf)to deduct tds only in case when in prev fy you were liable to tax audit.
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