When is one liable to deduct tds & deposit the same to gov
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2013
When does a firm become liable to start deducting the TDS from the bill of vendor & start the depositing the same to gvernment & minimum limit when it should apply for TAN No?
15 July 2013
No Limit for Partnership Firms. TDS should be deducted on any payment attracting TDS section.
Only in case of Individual and HUF TDS deduction liability starts if the file was subject to tax audit in the previous year.
Entities other than Individual/HUF needs to start deducting TDS from the very beginning.
Only in case of Individual and HUF TDS deduction liability starts if the file was subject to tax audit in the previous year.
Entities other than Individual/HUF needs to start deducting TDS from the very beginning.
Message likes :
1 times
15 July 2013
For TDS rates and threshold limits under various sections check out the file from link given below--
https://www.caclubindia.com/forum/21-useful-charts-for-tax-compliance-ay-14-15-251153.asp
https://www.caclubindia.com/forum/21-useful-charts-for-tax-compliance-ay-14-15-251153.asp
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- Form 121-contradictory opinions
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- TDS on Purchase of Immovable Property by NRI from NRI
- Vacant Floor
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
