05 February 2010
Mr. A who is prop. of the firm having turnover of Rs, 3950000/- which is not covered under section 44AB and paying salary of Rs.220000/- P.A. to his one man staff, weither he is liable to deduct TDS or not. there is no rebate under chapter VI-A to the employee.
05 February 2010
salary under employement is regarding sec. 192 and when your employee salary cross the no tax limit then you have to deduct tds on their salary.
CAclubindia
