24 April 2009
i lisen that there is no TDS required to Deduct if Business receipts < 40,00,000 or Professional Receipts < 10,00,000 on rent and some other income. even toal Payment exceding threshold limit. Kindly clarify the question?
26 April 2009
First of all you check wheter you have partnership firm/ co. or individual. If individual or proprietorship firm then limit is 40,00,000/- and in case of recipt 10,00,000/-
26 April 2009
Dear Deepak Goel, pls check your answer again. You explained the limits for tax aduits. The question asked is wrt liability of TDS deduction.
CAclubindia
