Can a Proprietor whose firm is Audited u/s 44 AB can deduct TDS..... & can a Partnership Firm which is Non Audit can Deduct TDS... Plz Reply Who are liable to deduct TDS..
When can Proprietor & a Partnership firm Can deduct TDS....Thanks in advance
Another One :
If Audited Firm didn’t deducted TDS , Is Nil Return of E TDS is Mandatory
every one has to deduct tds.whether firm whose accounts audited u/s 44 AB and Firms not covered under 44 AB. even Individiuals who do business is also laible to deduct TDS as a service receiver .Only Exception is Individual not doing business and receives services need not deduct tax at source
Agreed with SIVARAM....
A firm, whether an audit case or not, has to deduct TDS.... and this applies to an individual tooo...
Thanks for Replies., than if a Firm or a Proprietor deduct Tds .. whether they are liable for E Tds Filing.. Is E TDS is mandatory.. Reply
Individual or HUF is not required to deduct TDS if they are not lible for Tax audit u/s 44AB
Thanks
Lovenish Bansal
Individual and HUF incl their Proprietorship not having Audit U/s 44AB in the preceding year do not have to deduct TDS. In the current year, they start deducting only after they cross the turnover / receipts for 44AB Audit. This is for Section 194A, 194C, 194H, 194I, 194J. However even if audited they are not to deduct TDS for payments exclusively for personal expenses u/s 194C and 194J.
Whether audited or not, individuals and HUF have to deduct TDS u/s 192 for salaries and 195 for payments to non-residents. Certain personal foreign exchange remittances are excluded from TDS u/s 195 as specified by RBI and as provided in relevant clauses of DTAAs with other contracting states.
I suggest you keep a printout of the above 2 paragraphs handy so that you do not go wrong.
Agreed with Sunil.
Individual & HUF incl their Proprietorship not having business under Audit U/s 44AB then do not have to deduct TDS.
No propertory concern and patnership firm are not required to deduct TDs... Because in indian law it is assumed that they should or not required to know law. but if they are under audit they have to deduct Tds ........ Refer sec.190
Hi can some one please help me with this question?
An individual carrying on business not covered under Tax Audit pays salary to his staff. Should he deduct TDS on salary paid to his employees?
Can any one e-mail me the TDS quaterly return software
CAclubindia
