Payment of commission by huf to audited properietorship
Lakshmi (Article) (171 Points)
16 March 2016Lakshmi (Article) (171 Points)
16 March 2016
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 16 March 2016
Liable to deduct T.D.S depends upon whether deductor was liable to tax audit u/s.44AB during Prceeding Financial year or Not but not Deductee's Tax audit status. Since H.U.F offered Presumptive Income u/s.44AD (assume H.U.F offered either 8% or More as Presumptive Income during Preceeding Financial year) and not liable to tax audit u/s.44AB, You can not liable to deduct T.D.S on payments of Commission to Audited Firm