TDS DEDUCTION REQUIRMENT
This query is : Resolved
24 September 2019
My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,
Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?
Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?
04 June 2020
I think you need to deduct TDS based on limits only.
04 June 2020
limits means TDS Deduction and applicable limits based on respective section for a single and yearly aggregate transactions.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
