TDS Compliance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
Is it true that if T/o of last year is crossing tax audit limit , TDS deductibility become mandatory?
Case 1: Turnover for fy 2009-10 is 50 lakh(tax audit Limit was 40Lakh) but Turnover during fy 2010-11 is 50 lakh(tax audit limit 60lakh)
Case2 : Turnover for fy 2009-10 is 35 lakh
but turnover during fy 2010-11 is 65 lakh .
kindly guide whether tax would be dedctible on specified exp crossing limit in FY 2010-11 in both above cases
Case 1: Turnover for fy 2009-10 is 50 lakh(tax audit Limit was 40Lakh) but Turnover during fy 2010-11 is 50 lakh(tax audit limit 60lakh)
Case2 : Turnover for fy 2009-10 is 35 lakh
but turnover during fy 2010-11 is 65 lakh .
kindly guide whether tax would be dedctible on specified exp crossing limit in FY 2010-11 in both above cases
17 June 2011
Hello
In case 1 TDS is mandatory but in case 2 TDS is not mandatory.
In case 1 TDS is mandatory but in case 2 TDS is not mandatory.
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