Tds provision applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2012
dear expert
please tell me if individual are covered u/s 44ab in FY 2009-10, then in Fy 2010-11 he is not covered, then in Fy 2011-12 he agains covered under tax audit provision, so he requires to deduct tds in fy 2011-12 on payments which are subject to tds?????? or he is not required becouse py turnover is below tax audit limit.... & also tell me what if he have tan no. in fy 2010-11?
please tell me if individual are covered u/s 44ab in FY 2009-10, then in Fy 2010-11 he is not covered, then in Fy 2011-12 he agains covered under tax audit provision, so he requires to deduct tds in fy 2011-12 on payments which are subject to tds?????? or he is not required becouse py turnover is below tax audit limit.... & also tell me what if he have tan no. in fy 2010-11?
CA Harsh Lunia
(Expert)
02 October 2012
In my view, TDS provisions are applicable for an individual or HUF only if that person was subject to tax audit u/s 44AB in the immediately preceeding financial year.
In your case, since you were not covered under section 44AB in the financial year 2010-2011, TDS provisions are not applicable for FY 2011-12.
Only having a TAN number does not make a person liable to deduct tax at source.
In your case, since you were not covered under section 44AB in the financial year 2010-2011, TDS provisions are not applicable for FY 2011-12.
Only having a TAN number does not make a person liable to deduct tax at source.
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
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- IMS (import of goods) ITC related
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
