Tds clarification
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2015
Dear Expert,
Please advise for below query:
we have deducted tds in the FY 2014-15 but now in the FY 2015-16 taxable income is reduced and it is not coming under taxable income.
So we need not deduct TDS is it right or wrong.
Regards
Venkatesh
Please advise for below query:
we have deducted tds in the FY 2014-15 but now in the FY 2015-16 taxable income is reduced and it is not coming under taxable income.
So we need not deduct TDS is it right or wrong.
Regards
Venkatesh
27 June 2015
Please mention the nature of income and tds section.
incase TDS on salary u/s.192, if income is not coming under taxable limit then no need to deduct TDS
for other sections. only threshold limit will apply. incase payment/expenses exceed threshold limit then you have to deduct the TDS
incase TDS on salary u/s.192, if income is not coming under taxable limit then no need to deduct TDS
for other sections. only threshold limit will apply. incase payment/expenses exceed threshold limit then you have to deduct the TDS
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