Tds liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2015
Dear Sir
One of my friend are constructed a banquet hall, in this link he make the payment to contractor of 15 lac ,is he liable for tax deduction(TDs) or not
awaiting for Expert advice
One of my friend are constructed a banquet hall, in this link he make the payment to contractor of 15 lac ,is he liable for tax deduction(TDs) or not
awaiting for Expert advice
CA R SEETHARAMAN
(Expert)
26 May 2015
If he is an individual not liable for tax audit no need to deduct TDS else he is liable for TDS.
Rupesh Jain
(Expert)
26 May 2015
your friend is individual and his last year turnover not liable to take audit u/s 44AB then tds not applicable.
otherwise tds will be deductible
and in any case partnershipfirm, pvt, ltd you have to deduct the tds.
otherwise tds will be deductible
and in any case partnershipfirm, pvt, ltd you have to deduct the tds.
26 May 2015
agreed with above replies..........
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