TDS DEDUCTION BY NON -AUDIT INDIVIDUAL
This query is : Open
13 June 2022
Dear Experts,
Please help me, We are carrying on a business as a sole Trader and we are not liable for tax audit as our gross sale is not exceeding the limit and paying specified payments on which TDS is applicable in income tax law . Now I want to ask we are liable to deduct tds or not.
Please reply early.
Please help me, We are carrying on a business as a sole Trader and we are not liable for tax audit as our gross sale is not exceeding the limit and paying specified payments on which TDS is applicable in income tax law . Now I want to ask we are liable to deduct tds or not.
Please reply early.
CA Rashmi Gandhi
(Expert)
13 June 2022
No you are not liable except in case of rent payment above 50000 p.m.
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