Tan no
This query is : Resolved
21 December 2011
a society is running one school only. There are many contract person at job.
shall society be liable to deduct TDS on that person? However this society's turnover is not exceed the limit given under sec 44AB.
further society will be liable to get TAN?
plz suggest me.
shall society be liable to deduct TDS on that person? However this society's turnover is not exceed the limit given under sec 44AB.
further society will be liable to get TAN?
plz suggest me.
21 December 2011
Yes. Shall be responsible for Deduction of Tax at Source. And should obtain a TAN no.
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 60 lakh or Rs. 15 lakh respectively.
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax.
However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 60 lakh or Rs. 15 lakh respectively.
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