TDS DEDUCT
This query is : Resolved
13 December 2009
HI
SIR
I WANT TO KNOW WHETHER TDS DEDUCT IS COMPULSORY BY INDIVIDUAL AND HUF WHOSE TURNOVER BELOW 40 LAKHS FROM A.Y. 2010-11
SIR
I WANT TO KNOW WHETHER TDS DEDUCT IS COMPULSORY BY INDIVIDUAL AND HUF WHOSE TURNOVER BELOW 40 LAKHS FROM A.Y. 2010-11
13 December 2009
Generally not. But compulsory for Salary and few other sections. Please be clear for which payment you are asking this query???
14 December 2009
TDS does not depends upon T.O. it is as per Taxable income in employement,Service which you have Provided or any earning from taxable sourse..thats why tax has beeen deductable at source.
14 December 2009
TDS is never linked with the turnover of any organisaton. TDS is depend upon the nature of payment and amount of payment.
so please be careful while making the payments about TDS
so please be careful while making the payments about TDS
15 December 2009
Dear Murtaza and Ravinder, TDS deduction depends on turnover also in some cases if the deductor is individual or huf assessee. They shall be liable if they are covered u/s 44AB, i.e TO exceeding Rs. 40Lacs/10 Lacs as the case may be. But this is applicable in few sections like professional fees, rent, contrat etc. Not covered for TDS on Salary provisions.
28 December 2009
I agree with your comment Mr. Tarun I just talking about salary..
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