Poonawalla fincorps
Poonawalla fincorps

Tds applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2015 Dear Experts,

If a propritersip concern's turnover is above 1 cr in last year, but it not got the Tax audit in previous year 2013-2014. So now question is that TDS applicability will be there or not in FY 2014-2015?

can anyone please help.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 April 2015 Since the turnover of the preceding financial year crossed limit u/s.44AB, current year TDS provision will apply for the concern

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