During Last 05 years there was no tax audit. During financial year 2018-18 turnover exceeds 2.00 crore whether supposed to deduct TDS during financial year 2018-19.wether supposed to deduct TDS on labour charges.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 02 May 2019
TDS liability arises whenever the accounts are required to be audited u/s. 44AB, in PRECEDING Financial Year...
There is no clarity of FY in the query....
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 02 May 2019
not in fy 2018-19 but from current fy 2019-20 and onwards TDS is required to be made
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