Tan
This query is : Resolved
22 May 2016
what is limit for tan applicability in case of firm and in case of company. if i not apply for tan and i am to deduct tds can i avoide tds deduction of party?
22 May 2016
No you can't avoid tds deduction if you are liable to deduct tds then you must have to deduct tds and deposit in govt. account and file tds return.
22 May 2016
An Individuals or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
Message likes :
5 times
23 May 2016
sir is it complsory to apply TAN for a company
23 May 2016
Yes. it is compulsory for a Company.
Message likes :
3 times
25 May 2016
tds deduction applicable on the firm and company from date of registration. on individual and HUF if there a/c will lianle to audit u/s 44AB then apply for TAN. if you not deducted tds the expenses will disallowed. and increace you income tax liability.
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