Tds applicability
This query is : Resolved
VIPIN GUPTA
(Querist)
28 February 2019
Dear Sir, I was covered under tax audit During the A/y 2017-18 and not covered under A/y 2018-19, do we have to deduct TDS for A/y 2019-20. We are having the TDS number is there any obligation to Deduct TDS as we have TDs Number.
SHOBHIT GOYAL
(Expert)
28 February 2019
As per Income Tax Act Provisions, An individual is liable to deduct tds on payments when he is liable to Tax audit U/s 44AB in the immediately preceding financial year in which such payment is credited or paid.
As per your query, you were not covered under Tax audit for the A/y 18-19. Therefore you are not required to deduct TDS in A/y 2019-20. (Assuming You as an Individual Tax payer)
Thanks
As per your query, you were not covered under Tax audit for the A/y 18-19. Therefore you are not required to deduct TDS in A/y 2019-20. (Assuming You as an Individual Tax payer)
Thanks
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