TDS liability
This query is : Resolved
06 September 2009
Respected experts
A proprietor is for the first time under tax audit for FY 2008-09. He has paid commission amounting to Rs. 8500 during the year. He is not liable to deduct TDS u/s 194H. Am I right? Please tell.
Thanks
A proprietor is for the first time under tax audit for FY 2008-09. He has paid commission amounting to Rs. 8500 during the year. He is not liable to deduct TDS u/s 194H. Am I right? Please tell.
Thanks
06 September 2009
He is liable ot deduct TDS on brokerage paid above Rs. 2500/- to any person during the year.
So u r wrong and TDS Liable u/s 194H
So u r wrong and TDS Liable u/s 194H
06 September 2009
as he is an individual tehrefore, he is liable to deduct TDS only he is liable for Tax audit in last year. therefore, u r right.
06 September 2009
You r right. he is not liable to deduct Tds because proprietor is for first time in tax audit.
07 September 2009
Since he is under audit last year then he is liable for deduction of tax w. e. f. 1.04.2009. I dont know how the others are interpreting the same.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
