TDS Liability
This query is : Resolved
21 September 2019
I have a doubt in Direct Taxation:-
For suppose turnover of an Individual is more than 1 crore in F.Y. 2016-17 then he shall liable to deduct TDS in F.Y. 2017-18. But if turnover of that person falls below 1 crores in F.Y. 2017-18 will he be liable to deduct TDS in F.Y. 2018-19??
For suppose turnover of an Individual is more than 1 crore in F.Y. 2016-17 then he shall liable to deduct TDS in F.Y. 2017-18. But if turnover of that person falls below 1 crores in F.Y. 2017-18 will he be liable to deduct TDS in F.Y. 2018-19??
21 September 2019
Not liable to deduct TDS in F.Y. 2018-19
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21 September 2019
LIABILITY TO DEDUCT TDS DOES NOT DEPEND UPON TURNOVER DEPEND UPON TURNOVER . ITS DEPEND UPON YOU ARE LIABLE TO DEDUCT OR NOT
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23 September 2019
I have one more doubt that if in F.Y. 2018-19 I file my income tax return u/s 44AD and my turnover is 1,10,00,000 rupees then liability to deduct TDS will be attracted in F.Y. 2019-20??
Do TDS applies to Individual who files their ITR u/s 44AD??
Do TDS applies to Individual who files their ITR u/s 44AD??
23 September 2019
TDS applicable when previous year turnover exceed 1 crore irrespective of 44AD option.
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