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TDS LIABILITY ARISE FROM WHEN

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(Querist)
02 November 2022 A PARTNERSHIP FIRM REACHED/CROSSED TO A TURNOVER OF 1 CR ON JUNE MONTH, NOW AS PER LAW AUDIT WILL BE APPLICABLE AND TDS ALSO. WE WANTED TO KNOW " FROM WHICH DATE THE TDS LIABILITY TO DEDUCT TDS IS APPLICABLE ON OUR FIRM? " FROM THE STARTING OF THE FINANCIAL YEAR OR FROM THE MONTH ON WHICH WE CROSSED THE TURNOVER.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 November 2022 Though from the start of the business, but subject to crossing the cap as per each sub-section.
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