TDS on salary

1694 views 18 replies

preeti,

turnover matters only in case on Individual & HUF Assessee, thenafter only TDS provisions will applicable.

As per finance Act, 2009. any person , whether has  any income from Business or not is liable to deduct tax on the payable amount. TDS is to be deducted only if the salary for the financial year is  in excess of the minimum exemption slab. There is no required the limit of 40 Lacs u/s 44Ab

as per my opinion tds has no link with turnover....

TDS deduction liability based on Turnover only applicable to individual assessees and if deductor is company assessee, they has to deduct TDS on payments according TDS provisions 

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