TDS

This query is : Resolved 

01 May 2009 Whether AOP or Trust is liable to deduct TDS and pay the same to the Central Government for the F.Y.2008-09?

01 May 2009 Trust has to deduct tds compulsority. Whereas if it is an aop and if it is falling under compulsory audit then they have to deduct tds.

02 May 2009 Section 194C(1)(k)defines the cataegories of assessee who are liable to deduct TDS only if they are subjected to tax audit. BOI and AOP has been included in that list from 01.06.08, hence AOP is not liable to deuct TDS unless it is subject ot tax audit u/w 44AB. Trust has to deduct TDS in all the situations.




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