regarding deduction of TDS

This query is : Resolved

CA Pragya Ganeriwala (Querist)
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04 July 2009 When are we liable to deduct TDS? Suppose if there was tax audit of a firm in F.Y. 2006-07 and in F.Y. 2007-08 there was no tax audit, but again in year 2008-09 there was tax audit again in the firm.Then whether the firm is liable to deduct TDS on the expenses made in year 2008-09?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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04 July 2009 Firm is always liable for TDS deduction. The tax audit limits are for individual or HUF assessees.

taxindiaconnect

taxindiaconnect (Expert)
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04 July 2009 A firm is laible to deduct TDS in all the cases, wheter liable to Tax audit or not. The tax audit condition for deduction of TDS applies only to Individual and HUF's

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