Tds applicability

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CA. Dheeraj jain (Querist)
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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

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

CA. Dheeraj jain

CA. Dheeraj jain (Querist)
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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

CA. Dheeraj jain (Querist)
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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

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

CA. Dheeraj jain

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 May 2019 TDS provision applicable as turnover exceed one crore in-spite of opting 44AD.

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