Tds deduction
This query is : Open
16 May 2016
A proprietor concern having turnover of around Rs. 61.00 Lacs in F.Y. 2015-16 with NP below 8%. Should it gets his accounts audited & deduct TDS u/s 94A, 92B, 94C, 94-J etc. or applicable only on 92B. Please clear the same.
Regards,
Rakesh Sharma
Regards,
Rakesh Sharma
16 May 2016
tds u/s 192 is applicable on all the assessee, its turnover is no matter. but other section audit should be u/s 44AB, your turnover is less than 100 lacs so tds under another section not applicable.
16 May 2016
thanks sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
