Query regarding tds
This query is : Resolved
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
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
