Veeresh Kolaki (student) (41 Points)
11 March 2019
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 11 March 2019
If person is not covered under 44ab the he is not required to deduct tds. Logic- he is said to be small businessman and he should be exempted from TDS deduction, payment and related compliance. suppose i am a small shopkeeper and taken loan from friend for business. It will be a burden for me to comply with tds provision.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 11 March 2019
CAclubindia
