Dear Sirs,
I just wanted to know that if an individual has no tax audit u/s44ab in last 2 years then Does he still have to deduct TDS? He is having TAN no since earlier he was covered under tax audit.
If there is no requirement to deduct TDS, pl provide case - laws, circulars etc. which supports it.
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TDS deduction by individuals
Replies (4)
No need to deduct TDS....
In case Tax Audit conducted on previous Year then TDS will be deductible...
But, Your case Tax Audit conducted on before Last 2 years then No need to deduct TDS in current year...
In case Tax Audit conducted on previous Year then TDS will be deductible...
But, Your case Tax Audit conducted on before Last 2 years then No need to deduct TDS in current year...
Is there any suppoting section, circular, case law supporting to it.
An Individuals or an H.U.F. is not liable to deduct TDS except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year. So, no need to deduct TDS.
hi can any one pl provide the case laws supporting non-deduction of tds in case no tax audit in last 2 years even if the person has TAN because he was earlier covered under tax audit
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