Tds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 September 2011
Hie...If payment is made to a contractor during the year by a pvt ltd co. and if it exceeds d limit given ie.75000 den wther it is compulsory to cut TDS by the co even if it is not covered uder tax audit?
12 September 2011
Yes, there is no exemption for non-deduction of TDS. Tax Audit of the company is irrelevant for the TDS purpose in case of a company.
13 September 2011
Yes I agree with the expert
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2011
But sir do you mean the companies expenditure will be dissallowed if it does not cut tds?(turnover-20 lakhs)
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