Tds on contract
This query is : Resolved
26 July 2013
This is a proprietorship firm. in f.y. 2011-2012 it was under tax audit. In f. y. 2012-13 it was not under tax audit. In current year 2013-14 we had paid a cheque in may 2013 to contractor for rs. 8 lac. Should we deduct tds and what is procedure, interest & panelty to deposit the same?
Thanks & regards
Thanks & regards
26 July 2013
not liable to deduct tax as in fy 12-13 was not liable to tax audit.
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
- Query on effect of registration of property
- Wrong CMPo8 file
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
