Confusion for tds deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2015 Dear all expert,
since 2010 i have been deducting tds, but now in this current FY 2014-15 my company turnover is below one crore.

my Query is. am i liable to to deduct tds even in FY 2015-1, despite having turnover below one crore in FY 2014-15,

Thanks in Advance..

CA Deven

CA Deven (Expert)
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10 February 2015 MY DEAR WHO TOLD YOU TDS WOULD BE DEDUCTED IF T/O EXCEEDS RS. 1CR...THERE ARE NO SUCH PROVISIONS ...DEDUCT TDS AND PAY

Rupesh Jain

Rupesh Jain (Expert)
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10 February 2015 you not mention what status of your company

individual/huf will deduct tds if its turnover will liable to audit u/s44AB.

and firm and pvt ltd , ltd will always liable to deduct the tds.

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