Tds applicability

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Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2014 Dear Sir,

I am individual and i had a audit u/s 44AD in FY. 2012 - 13 and liable to audit u/s 44AB in FY. 2013 - 14.

Kindly guide me applicability of TDS..give ansewer as early as possible because it's urgent..

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 yes then in such case tds if applicable shall be deducted.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2014 Sir,

I'm liable to TDS for FY. 2014-15 but not in FY. 2013 - 14. Right?

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 the rule is if in fy 12-13 if ur liable to tax audit then tds will be deducted in case of fy 13-14 so u need to check prev year.

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2014 Sir,

Same i said that i'm liable to tax audit in FY. 2013 -14 means TDS applicable in FY. 2014-15... is it true.. Right?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 yes it is true..............................

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Rupesh Jain

Rupesh Jain (Expert)
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05 July 2014 as per law if individual /HUF liable to tale audit u/s 44AB then he have to liable to deduct the tDS in next year. now you are liable to deduct the TDS in F Y . 2014-15.