Exemption from tds deduction liability
This query is : Resolved
23 December 2014
is individual & huf exempt from the liability of deducting TDS in their 1st year of tax audit...? under which section is it so.? any case law supporting such assertion..?
24 December 2014
The TDS provisions invoke the liability of an Individual / HUF for deduction of TDS by providing the condition " if liable to Tax audit in the previous year (i.e. past year) ". Hence they are exempt in the first year of tax audit. They will be liable to deduct tax in the next year eventhough in the next year they are not covered by Tax audit provisions.
06 November 2021
But for certain TDS section like for salary, etc. there is no exemption even in first year.
The exemption is only for TDS u/s. 194A, C, I, J... etc.
The exemption is only for TDS u/s. 194A, C, I, J... etc.
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?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- 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
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
Trending Online Classes
CAclubindia
