CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 01 September 2015
If you have a registered Tax Account Number (TAN), then nil returns to be filed I think. But there is no need to deduct/pay tax at source if tax audit is not applicable.
Arun Kumar
(Auditor & Tax Practitioner)
(168 Points)
Replied 01 September 2015
It is mandatory to Comply TDS Provosion, because once you have registered you have to File your returns. And in future if any scrutiny notice served on the assessee they also check whether TDS Provisions have been complied off.
Naveesh Nagpal
(Sr. Manager)
(21 Points)
Replied 06 September 2015
Proprietary firm on which Tax Audit not applicable is not required to comply with TDS provisions
But If you have taken registeration then returns have to be filed
Anup A Deshpande
(Freelancer)
(77 Points)
Replied 06 September 2015
But buyer of immovable property, meeting criteria of Sec 194IA, has to deduct tax at source and complete other formalities as well.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
