Poonawalla fincorp
Poonawalla fincorp

Tds on casual income

This query is : Resolved 
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(Querist)
14 May 2015

Dear Sir,

TDS on Casual Income @30%.
Income tax for Casual Income @30.90%.

An Individual having ONLY Casual Income during the PY Rs. 10000(Gross). The TDS on the above Rs.3000 deducted by the Payee. Tax liability Rs.3090/-.

Q. Is he mandatory to file IT return?
Q. Is the remaining Payment Rs.90/- liable for the PY?


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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
14 May 2015 The balance of tax has to be paid by the assessee and as such filing return is also mandatory.
.

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