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.
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