Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 October 2011
Hi My Qs is whether it is necessary to cut TDS by a company or a firm for F.Y 2010-11 if it is exceeding the limit given under sec 40, if its turnover during the year is 50 lakhs (which as not covered under tax audit)but its turnover during F. Y 2009-10 is 45 lakhs(which was covered under tax audit during that year)
30 October 2011
TDS deduction is mandatory for Firm & company whether co. covered by audit or not
tax audit slab benefit available only in case of individual & HUF.
so audit is irrelevant for TDS in case of firm & company
tax audit slab benefit available only in case of individual & HUF.
so audit is irrelevant for TDS in case of firm & company
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