Tds
This query is : Resolved
16 June 2016
sir I am individual if in F.Y. 2014-15 audit is conducted than i obtain TAN no. in F.Y.2015-16 and in F.Y. 2015-16 audit is not required than i required to deduct TDS in F.Y.2016-17?????/
Rupesh Jain
(Expert)
16 June 2016
if you have to take audit report u/s 44AB means your receipts exceeds Rs. 1 crores then you have to deduct the tds in 2016-17 then its no required.
16 June 2016
In F.Y. 2013-14 take audit report u/s 44AB but in F.Y. 2015-16 declaired profit @ 8% turnover below 1 cr so and deduct TDS in F.Y.2015-16 but in F.Y.2016-17 am I liable to deduct TDS??????????
Rupesh Jain
(Expert)
16 June 2016
no you are not liable if your sale exceeds Rs. 1 crore then in current year you are liable.
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