Liabilities of tds

This query is : Resolved

vishal singla (Querist)
Follow

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

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

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.
.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Naresh Dhawan

R Prabhudoss

Chnmaya parhi

RAGHUNATH KASIBHOTLA

jayaraman

Subscribe Now

Liabilities of tds

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA