Hi,
Dear all i want to know that who is liable to deduct TDS.
Please help
Thanks & Regards
Vishal Sharma
vishal sharma (Accountant) (30 Points)
04 August 2011Hi,
Dear all i want to know that who is liable to deduct TDS.
Please help
Thanks & Regards
Vishal Sharma
Mihir
(Wealth Manager)
(5293 Points)
Replied 04 August 2011
Any person who is responsible for paying any of the income/sums specified u/s 192 to 196D of IT is liable to deduct tax from such payments.
Raj Kumar
(Student)
(102 Points)
Replied 04 August 2011
Person who is providing service is reponsible for paying service tax
BUT in 5 cases, service receiver is responsible for paying service tax like service received from outside India and payment to Goods Transport Agency....
Dhanabal Ramasamy
(CHARTERED ACCOUNTANT)
(105 Points)
Replied 05 August 2011
Every assessee who is liable to audit under sec44AB of IT Act. (ie turnover above 60 lacs and if professional then 15 lacs) is liable to deduct TDS for expenditures specified in sec 192 to 196,206 of IT Act
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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