Tcs query

Whether provisions of TCS are not applicable on assesses not liable for tax audits?? For example,whether a company, having a turnover of less than 1 crore, is liable to deduct TCS on its sale?

 

 

Replies (1)

NOTIFICATION No. 238/2007, dated 30-8-2007.Now following person are liable to file etds/etcs

return.

1. All Government department/office or

2. All companies.or

3. All person required to get his accounts audited under section 44AB in the immediately

preceding financial year; or

4 The number of deductees’ records in a quarterly statement for any quarter of the immediately

preceding financial year is equal to or more than fifty,

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register