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Deduction of tds

Others 366 views 6 replies
Hi, ABC is a proprietorship firm have 70 lac annual turnover in F.Y 2015-16 in Rent a cab business. It have some sub vendor. Payment amount more than 100000.00 in F.Y 2016-17. So ABC is liable to deduct TDS of its Sub Vendor??? or TDS is exempt?? pls advice
Replies (6)

*Revising my answer*

Pls refer TDS ON PAYMENT TO CONTRACTOR Definition if in previous year turnover is less than the 01 cr. then TDS exempt

kindly advice

no need 2 deduct tds

Provisions of 194C are only applicable to propritoernship concern only if is covered under Tax audit u/s 44AB,since this concern do not meet the required threshold criteria. it is not applicable.

Provisions of 194C are only applicable to propritoernship concern only if is covered under Tax audit u/s 44AB,since this concern do not meet the required threshold criteria. it is not applicable.

If assesse not required to audit u/s 44AB there is e no


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