tds
This query is : Resolved
pradeep kumar
(Querist)
10 June 2010
in any P.Y. tax audit has not been done bcz of mone. limit u/s 44AB not achieve in that P.Y. year tds on int. shall be deducted or not.before this P.Y. year tax audit had done.
CA. O.P. Agarwalla
(Expert)
10 June 2010
In case of Individual & HUF, TDS on interest is not liable to be deducted if in the preeceding year the deductee was not liable for audit u/s 44AB.
Shyam Lal Naik
(Expert)
10 June 2010
Year 1 - tax audit
Year 2 - no tax audit
Year 3 - not relevant
You are a propreitorship concern.
TDS on interest during year - 3 not applicable.
Year 2 - no tax audit
Year 3 - not relevant
You are a propreitorship concern.
TDS on interest during year - 3 not applicable.
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