Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2013
I have started my own private limited company this month. Now I have 8 employees
5 out of 8 falls in TDS slab and I need to start TDS end of this month.
I have the following questions.
1. Is it mandatory for filing e-TDS quarterly (Form 24Q)?
2. Waht is the revenue limit for mandatory audit of accounts?
Thanks in advance
Srinivas
5 out of 8 falls in TDS slab and I need to start TDS end of this month.
I have the following questions.
1. Is it mandatory for filing e-TDS quarterly (Form 24Q)?
2. Waht is the revenue limit for mandatory audit of accounts?
Thanks in advance
Srinivas
CA PARAS BAFNA
(Expert)
02 February 2013
1. Yes
2. No monetary limit for Audit for Pvt Ltd. Under Companies Act , compulsory audit has been prescribed.
However, for tax-audit U/s 44AB of the Income-Tax Act, limit of Rs. 1 crore Turnover or gross receipts (for Business) may be observed.
.
2. No monetary limit for Audit for Pvt Ltd. Under Companies Act , compulsory audit has been prescribed.
However, for tax-audit U/s 44AB of the Income-Tax Act, limit of Rs. 1 crore Turnover or gross receipts (for Business) may be observed.
.
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