Liability regarding tds deduction
This query is : Resolved
07 April 2017
Turnover of My Client during f.y. 2015-16 is 94 Lakh, during 2016-17 is rs. 1.15 Crore
My Question is whether he is Liable to Deduct TDS during payment Made in f.y. 2016-17 and 2017-18.
My Question is whether he is Liable to Deduct TDS during payment Made in f.y. 2016-17 and 2017-18.
07 April 2017
TDS deduction is not depend on Business Turnover. In this question you not specified which nature type payment made to Individual , HUF or Company etc.
07 April 2017
Sir, If Turnover is Exceed the threshold Limit as mentioned in Section 44AB then Assesses is Liable to Deduct TDS
07 April 2017
TDS AND SECTION 44AB both are separate section and Rule.
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