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Query regarding tds

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This query is : Resolved

Rikin shah (Querist)
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29 October 2017 I had started my business in January 2017 and my turnover till March 2017 was less than 1cr but I went for voluntary audit to avoid paying more tax. Now for the current financial year I have been deducting TDS of my sub contractors and have paid to the IT but I have not filed quarterly TDS returns for the first quarter. Now my query is Am I liable to deduct TDS and file quarterly returns??? And if not then can I claim TDS refund which I have already paid from IT department??? If yes then what is the procedure?? Please help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2017 You are not liable for deduction of TDS and filing return. Once you deducted TDS you are liable for filing quarterly return. You are not eligible to claim TDS deducted

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