Tds
This query is : Resolved
Praveen Kumar K
(Querist)
13 August 2012
An assessee (individual) was covered under 44AB in the preceeding financial year. Should he deduct TDS for interest paid in the current financial year in his personal books.
13 August 2012
Yes he should deduct TDS provided the threshold limit u/s 194A is crossed.
CA PRAVEEN SINGH
(Expert)
13 August 2012
YES,AGREE WITH ABOVE EXPERT...
CA Prashant Gupta
(Expert)
13 August 2012
An individual who is convered u/s 44AB then he is liable to deduct TDS.
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