Easy Office
Easy Office

TDS Applicability

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

CMA. Subhash Kumar Jha

Profile Image

CMA. Subhash Kumar Jha (Expert)
02 February 2011 TDS provisions will apply from next financial year.
Profile Image

Guest

Profile Image

Guest (Expert)
02 February 2011 It is (partnership) firm and limit of turnover is irrelevant.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links