Tds
This query is : Resolved
08 March 2013
DEAR SIR
PLS. NOTE , OUR TURNOVER FOR THE PERIOD 1-4-11 TO 31-3-12 IS RS. 57 LAKH ONLY, BUT OUR C.A. HAVE TAX AUDITED OUR BALANCE UNDER SECTION 44AB.
IN THE CURRENT YEAR,i.e. 1-4-12 to 31-3-13, we have got some job work done from outside, wherein the single invoice value of the job work is more than Rs. 50000/- and gross amount of the job work got done during the year so far is about Rs. 2.50 lakh.
Pls. inform , are we liable to OBTAIN TDS NUMBER AND DEDUCT TDS, on these job works got done during this year.
we had been told by some practitioner that , since our last year turnover is less than Rs. 60 lakh , hence currently we are not liable to OBTAIN TDS NUMBER AND DEDUCT TDS.
KINDLY INFORM THE COORECT POSITION AND OBLIGE.
BRGDS
V K GUPTA
vkg2003@hotmail.com
PLS. NOTE , OUR TURNOVER FOR THE PERIOD 1-4-11 TO 31-3-12 IS RS. 57 LAKH ONLY, BUT OUR C.A. HAVE TAX AUDITED OUR BALANCE UNDER SECTION 44AB.
IN THE CURRENT YEAR,i.e. 1-4-12 to 31-3-13, we have got some job work done from outside, wherein the single invoice value of the job work is more than Rs. 50000/- and gross amount of the job work got done during the year so far is about Rs. 2.50 lakh.
Pls. inform , are we liable to OBTAIN TDS NUMBER AND DEDUCT TDS, on these job works got done during this year.
we had been told by some practitioner that , since our last year turnover is less than Rs. 60 lakh , hence currently we are not liable to OBTAIN TDS NUMBER AND DEDUCT TDS.
KINDLY INFORM THE COORECT POSITION AND OBLIGE.
BRGDS
V K GUPTA
vkg2003@hotmail.com
10 March 2013
Kindly tell me whether you are individual, partnership firm or company and why audit was conducted?
10 March 2013
WE ARE A PROPERIETORSHIP CONCERN AND DESPITE BEING NOT REQUIRED THE AUDIT WAS CONDUCTED UNDER SECTION 44 AB BECAUSE OUR PROFIT WAS LESS THAN 8%
12 March 2013
you are neither liable to get TAN nor is liable to deduct TDS for this particular transaction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
