Non deduction of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2014
Hi all,
supose during the financial year 2013-14 the firm has not deducted TDS on single contract assuming that they will not be liable to conduct audit U/S 44AB. but till the year end 2013-14 the turnover exceeds the limit specified, now the firm liable for tax audit what the firm can do for non deduction of TDS???
supose during the financial year 2013-14 the firm has not deducted TDS on single contract assuming that they will not be liable to conduct audit U/S 44AB. but till the year end 2013-14 the turnover exceeds the limit specified, now the firm liable for tax audit what the firm can do for non deduction of TDS???
Rupesh Jain
(Expert)
04 April 2014
partnership firm will always laibile to deduct tds from starting w/o consider sale of firm
if firm is proprietorship then tds to liable in next year from year in which firm liable to tax audit u/s 44AB
if firm is proprietorship then tds to liable in next year from year in which firm liable to tax audit u/s 44AB
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