Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2014
is an individual is responsible to deduct tax on commission paid on purchase of house property to an individual?
19 June 2014
Individual is responsible to deduct TDS only if his file was subject to tax audit during the immediately preceding previous year.
Message likes :
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Guest
Guest
(Expert)
19 June 2014
agreed with above expert views............
19 June 2014
if individual purchase the property in his individual capacity then no required to deduct the tds. if his business sales/gross receipts is liabile to take audit u/s 44AB then he have to deduct the TDS on commission/brokerage.
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