TDS
This query is : Resolved
Manasa Ranjan Samal
(Querist)
02 February 2011
Sir,
Plz. reply
Is there any limit of turnover, a firm/company will deduct TDS on payment after crossing the limit during their business?
Plz. reply
Is there any limit of turnover, a firm/company will deduct TDS on payment after crossing the limit during their business?
Aditya Maheshwari
(Expert)
02 February 2011
No there is no limit.
Message likes :
1 times
02 February 2011
If the tax audit 1st applies to a company in 2009-10. TDS provision applies from the next financial i.e 2010-11.
Manasa Ranjan Samal
(Querist)
02 February 2011
Sir,
Does not the provision of TDS apply before the 1st tax audit to a Company in 2009-10?
Does not the provision of TDS apply before the 1st tax audit to a Company in 2009-10?
Aditya Maheshwari
(Expert)
02 February 2011
Subash this is case of Companies and firms and not individual & HUF.
For companies and firms TDS liable from 1st day itself. Kindly see the provisions and revert.
For companies and firms TDS liable from 1st day itself. Kindly see the provisions and revert.
Manasa Ranjan Samal
(Querist)
02 February 2011
Sir,
Is there any provision for Individual & HUT for TDS in this case?
Is there any provision for Individual & HUT for TDS in this case?
Aditya Maheshwari
(Expert)
02 February 2011
If individual and HUFs subject to tax audit in the previous year say F. Y. 2009 - 10 then they are liable for deduction of TDS from next year i. e. F. Y. 2010 - 11.
Message likes :
1 times
Guest
Guest
(Expert)
02 February 2011
Agree with Mr. Aditya
Message likes :
1 times
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