TDS-123 income tax
This query is : Resolved
CA Nidhi Kanabar
(Querist)
15 May 2025
hello
one my client was carried business up to FY 2012-13 and registered as huf on income tax portal and having TAN No. and filed TDS and income tax return regularly after that there was no business and was defunct and filed NIL return now he is carrying business again on the same PAN and TAN no. FY 2024-25 so is he required to deduct TDS if he is having TAN No. or required to check P.Y turnover which does not exceed 1 crore.
My query is if I have taken voluntary TAN no. and filed tds return is required to deduct tds life time or check every year for limit of TDS applicability
clarify
one my client was carried business up to FY 2012-13 and registered as huf on income tax portal and having TAN No. and filed TDS and income tax return regularly after that there was no business and was defunct and filed NIL return now he is carrying business again on the same PAN and TAN no. FY 2024-25 so is he required to deduct TDS if he is having TAN No. or required to check P.Y turnover which does not exceed 1 crore.
My query is if I have taken voluntary TAN no. and filed tds return is required to deduct tds life time or check every year for limit of TDS applicability
clarify
Nikhil Kaushik
(Expert)
15 May 2025
if there is no liability to deduct TDS as per law, then no need to deduct TDS. just file nil declaration.
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