TDS DEDUCTION APPLICABLE OR NOT
This query is : Resolved
parikshit asher
(Querist)
24 June 2011
THE ASSESSEE (PROPRIETOR) WAS LIABLE TO TAX AUDIT U/S 44AB PAST MANY YEARS, BUT IN THE CURRENT YEAR THE ASSESSEE IS NOT LIABLE FOR TAX AUDIT U/S 44AB.
NOW IF THE ASSEESSEE IS PAYING INTEREST TO OTHER PARTIES IE COMPANIES AND NON COMPANIES, THEN IS THE ASSESSEE LIABLE TO DEDUCT TDS ON EXPENSES. (AS HE ALREADY HAS A TAN)
NOW IF THE ASSEESSEE IS PAYING INTEREST TO OTHER PARTIES IE COMPANIES AND NON COMPANIES, THEN IS THE ASSESSEE LIABLE TO DEDUCT TDS ON EXPENSES. (AS HE ALREADY HAS A TAN)
24 June 2011
Yes, he is liable to deduct TDS, as Tax audit was applicable to him Last year.
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