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Tds

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Querist : Anonymous

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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?
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CA Prashant Shrivastava

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CA Prashant Shrivastava (Expert)
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.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
13 September 2011 Yes I agree with the expert
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Querist : Anonymous

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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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