Tds applicability
This query is : Resolved
13 January 2014
An individual whose turnover is less than 1 crore, have to make remittance outside india for $50. Is TDS to be deducted???
As an individual and also turnover within statutory limit, he is not eligible to deduct TDS if payment is made to resident. but, what if payment is made to non resident???
Also, whether Form 15CA and Form 15CB is required to be submitted???
If yes, can it be submitted without TDS deduction????
As an individual and also turnover within statutory limit, he is not eligible to deduct TDS if payment is made to resident. but, what if payment is made to non resident???
Also, whether Form 15CA and Form 15CB is required to be submitted???
If yes, can it be submitted without TDS deduction????
Guest
Guest
(Expert)
13 January 2014
Yes liable to deduct TDS.
Message likes :
1 times
13 January 2014
TDS has to be deducted u/s 195 even if turnover is less than 1 crore.
Message likes :
1 times
14 January 2014
What about Form 15CA and 15CB???
Now, if I take TAN no. So will I be liable to deducted TDS on resident also i.e. u/s 192, 194A, 194C, etc..., which is currently not applicable to me???
Now, if I take TAN no. So will I be liable to deducted TDS on resident also i.e. u/s 192, 194A, 194C, etc..., which is currently not applicable to me???
15 January 2014
No. For other sections, the TDS would be deducted if applicable to all assessees including those having turnover below Rs 1 crore. Getting TAN would not make you liable to deduct TDS which otherwise you are not supposed to deduct.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
