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Deduction of tds
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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