TDS Compliance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
Is it true that if T/o of last year is crossing tax audit limit , TDS deductibility become mandatory?
Case 1: Turnover for fy 2009-10 is 50 lakh(tax audit Limit was 40Lakh) but Turnover during fy 2010-11 is 50 lakh(tax audit limit 60lakh)
Case2 : Turnover for fy 2009-10 is 35 lakh
but turnover during fy 2010-11 is 65 lakh .
kindly guide whether tax would be dedctible on specified exp crossing limit in FY 2010-11 in both above cases
Case 1: Turnover for fy 2009-10 is 50 lakh(tax audit Limit was 40Lakh) but Turnover during fy 2010-11 is 50 lakh(tax audit limit 60lakh)
Case2 : Turnover for fy 2009-10 is 35 lakh
but turnover during fy 2010-11 is 65 lakh .
kindly guide whether tax would be dedctible on specified exp crossing limit in FY 2010-11 in both above cases
17 June 2011
Hello
In case 1 TDS is mandatory but in case 2 TDS is not mandatory.
In case 1 TDS is mandatory but in case 2 TDS is not mandatory.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
