DEAR SIR/MADAM
IN ETDS QUARTERLY RETURNS THRESH HOLD BELOW LIMIT TRANSACTIONS IS COMPULSORY SHOWN OR NOT IF DEDUTEE IS SHOWN IS THIS ANY PROBLEM THAT MEANS TDS ITO ASKED WHY YOU ARE NOT DEDUCT TDS
PLEASE TELL
THANKS IN ADVANCE
1 Replies
Mushak shareef
(eFiling Consultant)
(144 Points)
Replied 05 November 2010
Dear Rajesh
ITO ask if it is beyond the limit. You are safe to the extent that the aggregate payment for whole year not exceeds the limit, as prescribed by Act, upto the end of that particular FY. If you feel or compute the payment amount will cross the limit at the time of 4th Qtr (on 31 Mar YYYY) then you are liable to deduct the tds.
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