Tds

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Gourav (Querist)
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02 April 2015 Sir,
I'm owner of prop.firm & doing Export. In FY 2013-14 my total export sale was 14.0 lacs & now in FY 2014-15 my Total Export Sale is Rs.2.0 Crore. Please suggest me when i am liable to deduct TDS on contract payment, commission etc. does i should have deduct/deposited the tds in f.y.2014-15 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 April 2015 when your are making payment to any nri then u need to deduct tds u/s 195 if in py 2013-14 your gross sales were more then 1 crore.

Gourav

Gourav (Querist)
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02 April 2015 sir i m making payment to contractors like shipping charges, stiching charges, courier charges etc.. please suggest me in which f.y. i am liable to deduct/deposit TDS ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 April 2015 Tax Audit will be applicable for you in Financial Year 2014-15 since turnover is more than Rs 1 Crore. You are liable to deduct TDS from 01.04.2015.

Gourav

Gourav (Querist)
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03 April 2015 Thank you sir for your reply.

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