Tds
This query is : Resolved
09 May 2013
whether tds should be paid by every business person?
why should we want to file tds?
did it has any limitation and exemption?
plzzzzzz clear my doubts .....
why should we want to file tds?
did it has any limitation and exemption?
plzzzzzz clear my doubts .....
09 May 2013
1.TDS should not be paid but it has to be deducted from the payment made to deductee (recipient) and it will be remmitted to Govt on behalf of the deductee with in the due date of such payment prescribed as per income tax act.
2. It shall be obliged to deduct by every company and other assessee whom tax audit u/s 44AB is applicable.
3.After remmitting the TDS same has to be remmitted to Govt account under various sections, but those tds shall not be credited respective deductee acount unless quarterly return has been filed bhye deductor.
4.There is no limitation or exemption for such filing. once tds has been deducted the tds retun shall be filed.
2. It shall be obliged to deduct by every company and other assessee whom tax audit u/s 44AB is applicable.
3.After remmitting the TDS same has to be remmitted to Govt account under various sections, but those tds shall not be credited respective deductee acount unless quarterly return has been filed bhye deductor.
4.There is no limitation or exemption for such filing. once tds has been deducted the tds retun shall be filed.
CMA Ramesh Krishnan
(Expert)
07 September 2013
for application of TDS is no limit. but while deducting you can consider the threshold limit for the respective section
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 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
