REGARDING 44AD TDS ON SALARY
This query is : Resolved
04 December 2024
WE OPTED 44 AD
AND PAID TO SALARY TO EMPLOYEE 30000 PER MONTH
WE ARE LIABLE TO DEDUCT TDS UNDER 44AD RETURN
THANKS IN ADVANCE
AND PAID TO SALARY TO EMPLOYEE 30000 PER MONTH
WE ARE LIABLE TO DEDUCT TDS UNDER 44AD RETURN
THANKS IN ADVANCE
04 December 2024
Yes, TDS liability arises, irrespective of your assessment u/s. 44AD. But the TDS deduction would be NIL, w.r.t. rebate u/sec 87A.
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