TDS Applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2011
Sir,
Suppose a firm in the first year of its operations crosses turnover limit for Tax Audit i.e Rs.60 lakhs, how provisions of TDS will apply ? Will that apply to payments after crossing turnover limit or on all the payments made during the year ? Pls guide. Thanks in advance.
Suppose a firm in the first year of its operations crosses turnover limit for Tax Audit i.e Rs.60 lakhs, how provisions of TDS will apply ? Will that apply to payments after crossing turnover limit or on all the payments made during the year ? Pls guide. Thanks in advance.
02 February 2011
TDS provisions will apply from next financial year.
Guest
Guest
(Expert)
02 February 2011
It is (partnership) firm and limit of turnover is irrelevant.
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