girish (Practising C.A.) (149 Points)
12 October 2009I had a quarry
request all the members to reply URGENTLY
Individual doing business
31.03.2007 was under audit
31.03.2008 was not under audit turnover rs. 32lakhs
31.03.2009 was under audit.
tds was deducted in the year 31.03.2008 and paid.
whether he is liable for deduction and payment of tds in 31.03.2009?
request to reply.
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 12 October 2009
Dear Girsih
Yes you must deduct the TDS on safer side .............But as per the act it is not liable to dedcut the TDS but you can deduct on safer side.................
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 12 October 2009
Girish jee,
There is no harm to keep deduction tds as you are already having this TDS No. you will be in safer side. I know it will be tedious for a individual to deduct TDS and follow all rules.
:-)
Praveen
CAclubindia
