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TDS-194A

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(Querist)
25 March 2010 It is the 1st year of the Proprietorship concern, is it liable to deduct TDS on Interest.
Its urgent please reply fast.
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Vivek Angrish

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Vivek Angrish (Expert)
25 March 2010 Yes, it is, even if it's ur first year of proprietorship concern.
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hetal

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hetal (Querist)
25 March 2010 Can u just give me any reference which would be helpful to me while answering it to my sir



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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
25 March 2010 for a propritory concern TDS is applicable if in the previous year he is covered under 44AB tax audit,so, in your case TDS is not applicable.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 March 2010 agree with mishraji
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 March 2010 agreed
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hetal

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hetal (Querist)
29 March 2010 Thanks everyone

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