28 December 2017
dear sir, over client tournover is below 1 cr in f.y. 2016-17 and he was not deducted tds on payment of diamond labour charges at rs 1550000.00 but in f.y. 2017-18 his sales more than 2 cr so sugest me tds are deductiable or not on 1550000.00 in f.y. 2017-18 and over client status is individual. so, solve my query in sortly.
28 December 2017
If T/O is less than 1cr in FY 2016-17. Then no need deduct TDS on 16-17... But, T/O above 1 Cr in FY 2017-18 then Yes... he ll Deduct TDS for above said Labour Bill. Apply TAN and Deduct TDS...
But, The above said amount is confused in Both FY...
28 December 2017
If T/O is less than 1cr in FY 2016-17. Then no need deduct TDS on 16-17... But, T/O above 1 Cr in FY 2017-18 then Yes... he ll Deduct TDS for above said Labour Bill. Apply TAN and Deduct TDS...
But, The above said amount is confused in Both FY...
CAclubindia
