TDS
This query is : Resolved
18 June 2009
is it mandatory to deduct TDS if assesee has TAN number but not in Tax Audit u/s 44AB form last 2 years
Please send me reply on the following email id
a_mpatil@yahoo.co.in
thanks & regards
ajay
Please send me reply on the following email id
a_mpatil@yahoo.co.in
thanks & regards
ajay
18 June 2009
Yes, if you have TAN then the liability to deduct TDS arises even if Tax audit is not mandatory in respective year.
18 June 2009
No Ajay,
There is no liability to deduct TDS if there is no tax audit u/s. 44AB in last year. TAN number is only necessary to pay TDS. It has nothing to do with the liability. Therefore even if you are holding TAN but if you are not liable to deduct tax then tnere is no necessity to deduct the tax.
There is no liability to deduct TDS if there is no tax audit u/s. 44AB in last year. TAN number is only necessary to pay TDS. It has nothing to do with the liability. Therefore even if you are holding TAN but if you are not liable to deduct tax then tnere is no necessity to deduct the tax.
18 June 2009
holding of TAN does not make it mandatory to deduct tax, tax is to be deducted only when u r liable to do so as per the provisions of the IT Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
