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Tds liability

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Querist : Anonymous

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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

26 May 2015 If he is an individual not liable for tax audit no need to deduct TDS else he is liable for TDS.

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.

26 May 2015 agreed with above replies..........


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