Who can deduct tds?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2013
HI TO ALL CCI MEMBERS,
GREETINGS FOR THE DAY!
I HAVE ONE QUERY AN ABOUT TDS.
EX:I HAVE CONTRACT (OFFICE MAINTENANCE) WITH ONE INDIVIDUAL & MONTHLY PAYING RS,15000.
MY ANNUAL TURNOVER IS 2000000, HERE I CAN ELIGIBLE FOR TDS DEDUCTION?
THANKS IN ADVANCE
GREETINGS FOR THE DAY!
I HAVE ONE QUERY AN ABOUT TDS.
EX:I HAVE CONTRACT (OFFICE MAINTENANCE) WITH ONE INDIVIDUAL & MONTHLY PAYING RS,15000.
MY ANNUAL TURNOVER IS 2000000, HERE I CAN ELIGIBLE FOR TDS DEDUCTION?
THANKS IN ADVANCE
21 March 2013
dear,
as per sec. 194C an individual is required to deduct TDS only if his turnover of the last year exceeds tax audit limit..
in your case if your last year turnover is below tax audit limit,, no liability to deduct TDS
as per sec. 194C an individual is required to deduct TDS only if his turnover of the last year exceeds tax audit limit..
in your case if your last year turnover is below tax audit limit,, no liability to deduct TDS
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