Tds clarification

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2015 Dear Expert,

Please advise for below query:

we have deducted tds in the FY 2014-15 but now in the FY 2015-16 taxable income is reduced and it is not coming under taxable income.

So we need not deduct TDS is it right or wrong.

Regards
Venkatesh

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 June 2015 Please mention the nature of income and tds section.

incase TDS on salary u/s.192, if income is not coming under taxable limit then no need to deduct TDS

for other sections. only threshold limit will apply. incase payment/expenses exceed threshold limit then you have to deduct the TDS