TDS DEDUCTION REQUIRMENT
This query is : Resolved
24 September 2019
My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,
Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?
Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?
04 June 2020
I think you need to deduct TDS based on limits only.
04 June 2020
limits means TDS Deduction and applicable limits based on respective section for a single and yearly aggregate transactions.
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
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- 139(4) for ITR-5- audit
- TDS-Fixed assets
- Joint Account Closure
- Are reflected in 2B in GST portal
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- TDS can We Adjust 194C Amount to 194J
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS DEMAND.
- TDS OR GST APPLICABLITY
- FORM SPL-02
- Complication in generating GSTR-2B
- Assesee supply services in RCM, above 2 crores turnover, is he applicable to file Gstr9
- Sale of liquidated company
- How to calculate tax as Income & Tax Calculator on e-Filing website is giving wrong results.
- Updation of UDIN for ROC forms AOC-4 and MGT-7
- Invoices not transmitted to ICEGATE because of non-authentication of Aadhaar
- Classification of unclassified authorised capital
- GST registration
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
