Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2011 Hi My Qs is whether it is necessary to cut TDS by a company or a firm for F.Y 2010-11 if it is exceeding the limit given under sec 40, if its turnover during the year is 50 lakhs (which as not covered under tax audit)but its turnover during F. Y 2009-10 is 45 lakhs(which was covered under tax audit during that year)

30 October 2011 TDS deduction is mandatory for Firm & company whether co. covered by audit or not

tax audit slab benefit available only in case of individual & HUF.

so audit is irrelevant for TDS in case of firm & company



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