Query about tds deduction liability arise

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This query is : Resolved

YASH GOVINDBHAI THAKKAR (Querist)

30 December 2014 SIR,
AN INDIVIDUAL IS NEVER COME IN AUDIT IN ANY FINANCIAL YEAR AND IN THE A.Y.2014-15 , HE HAS CLAIMED THE COMMISSION EXPENSES ABOVE RS.5000,PAYMENT TO A SINGLE PERSON. WHETHER IT IS ALLOWED TO CLAIM THE EXPENSES.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

30 December 2014 In this case when in previous year the indivisual was not liable for tax audit then in current year no need to deduct tds u/s 194H even if commision amount claimed is more then Rs.5000, hence it will be allowed as deduction in your profit and loss a/c.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

30 December 2014 Since the Individual was not under Tax Audit in Previous Financial Year he is not required to deduct TDS. So he can claim the expenses if his source of Income is Profit and Gains of Business & Profession. No disallowance due to non deduction of TDS.

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Rupesh Jain

Rupesh Jain (Expert)

30 December 2014 if he is HUF and individual and in last year on audit case then no tds will applicable.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

30 December 2014 Dear Tushar you had asked a question and you have changed your reply after observing my reply. Modify option is allowed for minor modification not for changing the reply completely after knowing the correct reply.

Hope you take the point in a positive manner.

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YASH GOVINDBHAI THAKKAR

YASH GOVINDBHAI THAKKAR (Querist)

31 December 2014 THANKS TO SOLVING MY QUERY.

YASH GOVINDBHAI THAKKAR

YASH GOVINDBHAI THAKKAR (Querist)

06 January 2015 THANKS TO ALL OF YOU FOR REPLY.
THANK YOU VERY MUCH...

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