Whether liable to deduct tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2018
I have a Firm and for the F.Y 2017-18 I have a loss so that I have to get my books of accounts to be audited. Whereas my turnover is less than 1 Cr shall I be liable to deduct TDS as I'm liable to audit??
Read more at: https://www.caclubindia.com/forum/tds-requirement-388320.asp?offset=1
Read more at: https://www.caclubindia.com/forum/tds-requirement-388320.asp?offset=1
03 August 2018
if any individual, Firm, or company having less than 1 cr turnover no need to deduct the TDS and no TAX AUDIT required.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2018
thank you for the reply sir, but the firm has loss thereby it attracts to audit u/s 44AB. in that case whether i need to deduct TDS even when my turnover is lessthan 1 cr.
04 August 2018
NO THAT IS WHY I AM TELLING IF TURNOVER IS LESS THAN 1 CR no need to deduct the TDS
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Capital gain on sale and purchase of plot
- FCRA 6 E- Intimation
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Resigning a auditor from the company for misconduct
- FORM 141 SDV query
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
