Tds applicability


(Querist)
20 May 2019
I have a doubt about tds applicability section.. 
turnover is 1 cr. 25 lakh in FY 2017-18 but return file under section 44 AD. salary paid to employee is 5 lakh, soo tds on salary related provison are applicable or not? 

thanks and regards


CA Mayur Todmal (Expert)
20 May 2019
192 is applicable irrespective of turnover

CA. Dheeraj jain (Querist)
20 May 2019
source for 192 is applicable irrespective of turnover?

and in case of section other than 192 (like 194c, 194I, 194J)

CA. Dheeraj jain (Querist)
20 May 2019
source for 192 is applicable irrespective of turnover?
and in case of section other than 192 (like 194c, 194I, 194J)


CA Mayur Todmal (Expert)
20 May 2019
Yes, 192 is applicable irrespective of turnover. But 194c,194j etc based on audit applicability

CA. Dheeraj jain (Querist)
20 May 2019
Turnover is 1 cr 25 lakh..... but 44 AD presumptive opt.
TDS provision applicable

CA R SEETHARAMAN (Expert)


Click to Talk 21 May 2019
TDS provision applicable as turnover exceed one crore in-spite of opting 44AD.



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