regarding deduction of TDS
This query is : Resolved
04 July 2009
When are we liable to deduct TDS? Suppose if there was tax audit of a firm in F.Y. 2006-07 and in F.Y. 2007-08 there was no tax audit, but again in year 2008-09 there was tax audit again in the firm.Then whether the firm is liable to deduct TDS on the expenses made in year 2008-09?
04 July 2009
Firm is always liable for TDS deduction. The tax audit limits are for individual or HUF assessees.
04 July 2009
A firm is laible to deduct TDS in all the cases, wheter liable to Tax audit or not. The tax audit condition for deduction of TDS applies only to Individual and HUF's
04 July 2009
Agreed with Mr. Tarun & Rajesh
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