Tds
This query is : Resolved
Gaurav Gupta
(Querist)
11 August 2014
I am business man - individual
rent of godown paid Rs.240000/-p.a.
whether TDS is to be deduct. when or why?
rent of godown paid Rs.240000/-p.a.
whether TDS is to be deduct. when or why?
11 August 2014
Individual and HUF are required to deduct TDS only if Tax Audit was applicable during the last year.
Say in FY 2012-13 file was subject to Tax Audit then TDS required to be deducted in FY 2013-14.
Say in FY 2012-13 file was subject to Tax Audit then TDS required to be deducted in FY 2013-14.
Rupesh Jain
(Expert)
12 August 2014
if your books of accounts audited in last year u./s 44AB then you have to deduct the tDS u/s 194I .
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