Tds
This query is : Resolved
31 January 2013
An individual whose turnover is Rs. 20,00,000/- and paying salary to an employee of Rs. 3,50,000 p.a. can liable to deduct tax at source under section 192.
31 January 2013
Yes sir, the person earning 160000 (@8% on TO) has to deduct TDS of his employee.
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31 January 2013
Section 192 is applicable to all irrespective of the fact that the Individual or HUF Deductor is under Tax Audit or not.
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01 February 2013
sec 192 is applicable on every person. There is no exemption regarding Tax audit for individual.
So if salary is taxable then you must follow 192 provisions
So if salary is taxable then you must follow 192 provisions
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