02 August 2017
I have taken a office in lease w.e.f may 2017 and monthly rent is Rs.15500.
I have started my business from may 2017....my turnover will exceed 2 crore in fy 2017-18 that means i m liable for tax audit. Should i deduct TDS on rent??
I hv taken TAN no. wef 27 june 17.
03 August 2017
Sir, but i think its not crossing 1.8lacs in this fy and this will be first yr of tax audit..i m running my business in proprietorship.
so i will not deduct tds. m i right ?