Are Co-Operative Housing Society are Required to Deduct TDS ?
RAHUL KUMAR SINGH (N.A) (28 Points)
15 June 2010Are Co-Operative Housing Society are Required to Deduct TDS ?
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 15 June 2010
The housing socities are liable to TDS only in case the liablilty for TAx audit arises in the immediately preceeding previous year. TAX deduction starts only in the subsequent year........
CA VINAY BANSAL
(In job with KPMG)
(289 Points)
Replied 15 June 2010
Dear,
Sorry for mistake/.. but every society and trust uis required to deduct TDS if the qualifying limit is exceeded. there is no compulsion of TAx audit. So even a small socirty with no tax audit in previous year is also required to deduct Tax.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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