Tds liability applicability
This query is : Resolved
20 April 2018
Dear Sir
When TDS liability is applicable on propritorship business.Means if turnover of propriertorship business is Rs.40 Lacs per year and he is paying monthly office rent of Rs.56000/- per month and salary to a person Rs.49000/- pm. Is he liable to deduct TDS on payment of salary or rent.
When TDS liability is applicable on propritorship business.Means if turnover of propriertorship business is Rs.40 Lacs per year and he is paying monthly office rent of Rs.56000/- per month and salary to a person Rs.49000/- pm. Is he liable to deduct TDS on payment of salary or rent.
20 April 2018
If you are not liable for tax audit u/s 44ab for last year you need not to deduct tds on rent , but for salary you have to deduct tax if taxable salary for FY exceeds threshold limit
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
