Tax Deducted At Source
This query is : Resolved
Nagendra Kumar
(Querist)
31 July 2009
an individual has not fallen in Tax Audit in Previous financial year.but in current year his turnover is likely to exceed 40 lakhas is he liable to deduct TDS? becoz act specify individual whose accounts to audited u/s 44AB during the immediately P.Y has to deduct TDS
31 July 2009
Yes, He has to registered for TAN no for deduction of TDS in Current year.
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