10-01-2011, 07:59 AM
I discussed this issue with 3 to 4 lawyers ans they are all convinced that according to the 2010 amendments every kind of AOP registered or unregistered have to deduct income tax regardless of the turnover.
This can be seen under s.152(9) clause,
"an association of persons2[constituted by, or under,] law."
2
Substituted for the words #8213;registered under#8214; by the Finance Act, 2002.
Hence registered or unregistered every AOP has to deduct tax while paying for purchase of good or services above Rs 25000
This can be seen under s.152(9) clause,
"an association of persons2[constituted by, or under,] law."
2
Substituted for the words #8213;registered under#8214; by the Finance Act, 2002.
Hence registered or unregistered every AOP has to deduct tax while paying for purchase of good or services above Rs 25000
