Tds
This query is : Resolved
VIPIN NAIR
(Querist)
24 April 2018
My client is having a consultancy Business Annual Turnover is 10,00,000/- .
He avails a service of a person for his business on contract basis for Quarterly Fees of Rs. 30,000/- .
Nature of Service is Technical .
My query is , whether my client requires to deduct TDS for the payment made for services availed as per above.
He avails a service of a person for his business on contract basis for Quarterly Fees of Rs. 30,000/- .
Nature of Service is Technical .
My query is , whether my client requires to deduct TDS for the payment made for services availed as per above.
Nikhil Kaushik
(Expert)
25 April 2018
no TDS is required in the case as your client is not liable for tax audit
KAVIRAJA ADDANGADI
(Expert)
25 April 2018
Not required compulsory to deduct TDS if turnover is below Tax Audit limit A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
