Tds on casual income
This query is : Resolved
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?
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?
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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