Tds

This query is : Resolved 

09 December 2014 Is tds provisions apply to proprietorship business as previous year turnover exceeds limit specified u/s 44 AB. And TAN is already taken by proprietor last year.

09 December 2014 Yes TDS provisions will apply. Liable to deduct TDS.

10 December 2014 And what If, preceding previous year turnover not exceeded the limit specified u/s 44ab

10 December 2014 Example:

44AB applicable in respect of FY 2013-14 then TDS required to be deducted from FY 2014-15.


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