Tds applicability
This query is : Resolved
14 April 2015
As per Income Tax Act an individual(proprietor) is required to deduct TDS only if he/she got his/her accounts audited u/s44AB in the previous financial year
If once he/she is liable for TDS in a particular year, will he continue with the liability despite his turnover falling below turnover limit u/s 44AB in any subsequent year
If once he/she is liable for TDS in a particular year, will he continue with the liability despite his turnover falling below turnover limit u/s 44AB in any subsequent year
14 April 2015
Every year is required to check whether they liable for their account audited u/s 44ab
they are liable for tds for particular year only when his turnover falling beyond turnover limit u/s 44ab during that particular year
they are liable for tds for particular year only when his turnover falling beyond turnover limit u/s 44ab during that particular year
14 April 2015
THANKS FOR YOUR REPLY. BUT WOULD YOU PLZ. SUPPORT YOUR STAND WITH ANY CIRCULAR/NOTIFICATION/CASE LAW OR DEPARTMENTAL INTERPRETATION?
14 April 2015
check the wordings of any section for TDS eg 194A, 194J, etc
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Plot of land. Cost of Acquisition
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
