Tds deduction by individual who is not under tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2015
my Query is a person who is deducting TDS on Interest paid to others because of he is under Tax audit in F.Y. 2011-12. after that he is not liable to Tax Audit U/s 44AB can he is liable to deducting TDS on Interest paid to others in current F.Y. 2015-16.
03 June 2015
If Tax Audit u/s 44AB was not applicable for FY 2014-15 then there is no liability to deduct TDS during FY 2015-16.
04 June 2015
he is not liable to deduct tds if he is not liable to audit u/s 44ab in F y 2014-15
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