krishan agrawal (Student CA Final ) (465 Points)
01 February 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 February 2017
Your dad works as propritorship or partnership or corporate?
If properitorship, whether he is liable to tax audit?
Prashant Sharma
(CA)
(389 Points)
Replied 01 February 2017
krishan agrawal
(Student CA Final )
(465 Points)
Replied 01 February 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 February 2017
 |
My dad is doing Railway construction business under firm name and paying 30000 rs to my brother for Engineering services provided.My brother dont have any other income will my dad require to deduct tds? |  |
"............my brother is partner also of 25% share............"
Dear,
From next time give complete information, so that you get right answer.
Being partnership firm the TDS liability arises, subject to threshold limits.
krishan agrawal
(Student CA Final )
(465 Points)
Replied 01 February 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 February 2017
Now, I presume the TDS is going to be deducted from your dad's proprietorship firm, which was liable to audit/audited in previous financial year, and the answer again is YES, subject to threshold limit.
krishan agrawal
(Student CA Final )
(465 Points)
Replied 01 February 2017
krishan agrawal
(Student CA Final )
(465 Points)
Replied 01 February 2017
Amitav
(Chartered Accountant)
(5993 Points)
Replied 01 February 2017
yes. TDS wil be applicable . Here the limit is 30000 during a financial year
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 February 2017
| Originally posted by : krishan agrawal | ||
|
sir if my dad only pay 29000 per month will tds provision apply | |
YES
(Being final year student let me ask: Explain two threshold limits for Section 194J)
CAclubindia
