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TDS PROVISION, Income Tax

Issue Id: - 116764
Dated: 2-10-2020
By:- giri gattupalli
TDS PROVISION

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respected sir one of my claint (civilcontractor) turnover or gross receipts during fy 2018-19 (ay 2019-20) is 1,20,00,000 (one crore twenty lakhs) and filed assessment under sec -44AD .and during fy 2019-20 (ay 2020-21) his gross receipts are 1,90,00,000 (one crore ninty ninty laks ) and i want to file assement under sec 44AB tax audit this year . my problem is he made payments to subcontractors amounting to rs 1,00,00,000 (one crore) during fy 2019-20 .please discuss whether he is liable to collect TDS from subcontractors or not

thanking you

giri tax consultant

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Showing Replies 1 to 2 of 2 Records

1 Dated: 5-10-2020
By:- DR.MARIAPPAN GOVINDARAJAN

If he makes direct payments to sub contractors, in my view 'yes'.


2 Dated: 8-10-2020
By:- RAMASWAMY Advocate

In my view Deductiong of TDS depend on furnishing of PAN details by an individual.


1

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