02 April 2015
Sir, I'm owner of prop.firm & doing Export. In FY 2013-14 my total export sale was 14.0 lacs & now in FY 2014-15 my Total Export Sale is Rs.2.0 Crore. Please suggest me when i am liable to deduct TDS on contract payment, commission etc. does i should have deduct/deposited the tds in f.y.2014-15 ?
02 April 2015
sir i m making payment to contractors like shipping charges, stiching charges, courier charges etc.. please suggest me in which f.y. i am liable to deduct/deposit TDS ?
02 April 2015
Tax Audit will be applicable for you in Financial Year 2014-15 since turnover is more than Rs 1 Crore. You are liable to deduct TDS from 01.04.2015.