Tds
This query is : Resolved
19 October 2012
DEAR MEMBERS
ONE OF MY ASSESSEE'S TURNOVER WAS RS. 65 LACS , 20 LACS, 40 LACS IN THE YEAR 2009-10, 2010-11 AND 2011-12
RESPECTIVELY. KINDLY TELL ME WHETHER TDS PROVISIONS ARE APPLICABLE FOR THE YEAR 2010-11 AND / OR 2011-12.
MY ASSESSEE IS A PROPRIETORSHIP FIRM.
THANKS
CA MANOJ K JUNEJA
9316555025
9815464444
ONE OF MY ASSESSEE'S TURNOVER WAS RS. 65 LACS , 20 LACS, 40 LACS IN THE YEAR 2009-10, 2010-11 AND 2011-12
RESPECTIVELY. KINDLY TELL ME WHETHER TDS PROVISIONS ARE APPLICABLE FOR THE YEAR 2010-11 AND / OR 2011-12.
MY ASSESSEE IS A PROPRIETORSHIP FIRM.
THANKS
CA MANOJ K JUNEJA
9316555025
9815464444
19 October 2012
For 2009-10 the 44 AB limit was 40 lakhs . hemce applicable.
For 2010-11 ,Not applicable.
For 2011-12 not applicable as they are below limits
For 2010-11 ,Not applicable.
For 2011-12 not applicable as they are below limits
20 October 2012
TDS WILL BE APPLICABLE ONLY FOR 2010-11 AS TURNOVER EXCEED THE SPECIFIED LIMIT IN 2009-10. THE TEST IS THAT IF T/O FOR 11-12 EXCEEDS THE LIMIT SP U/S 44AB THEN U NEED TO DEDUCT TAX IN YEAR 2012-13.
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Unregistered suppliers utility
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- Non-Compliance documents have not been submitted by the contractors debited
- Filling ITR - U
- TDS ON EMAIL DOMAIN SERVICE BILL
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
