tds deducted for individual only one situation when u r lible to book maintained for IT act other wise no tds liabilty for individual
Raghunath Prasad
(WORKING)
(385 Points)
Replied 25 December 2011
tds deducted for individual only one situation when u r lible to book maintained for IT act other wise no tds liabilty for individual
Sarika M
(Credit Manager)
(40 Points)
Replied 25 December 2011
hi,
my final attempt will be in 2013 november
suggest me when should i appear for coaching classes & where ?
please reply me .
vikas gour
(student)
(36 Points)
Replied 26 December 2011
if payer is liable to tax audit in last year then tds has to be done.
IMRAN KHAN
(CA FINAL )
(41 Points)
Replied 26 December 2011
Kindly see the provision of Sec-194I
Person responsible to deduct TDS:
All assessees(except individual and HUF who are not subject to tax audit u/s-44AB of the Act during the preceding financial year)
Hence a salaried person can not be audited u/s-44AB(TAX AUDIT)
So no need to deduct tax.