Tds
This query is : Resolved
saitejaswi
(Querist)
13 August 2013
Whether TDS is to be deducted in the case of first year of tax audit for new proprietary business?
13 August 2013
the ans is yes provided any of tds section should be applicable then only.
13 August 2013
No. Say Tax Audit is applicable for FY 2012-13 then TDS required to be deducted from FY 2013-14 onward.
13 August 2013
Dear sanjay gupta,
i think the querist need to know abt the applicabilty of tds provisions even by others when others are making payment to them.
Eg in case of they indulge in works contract the sec 194C if is satisfied then tds needs to be deducted.
i think the querist need to know abt the applicabilty of tds provisions even by others when others are making payment to them.
Eg in case of they indulge in works contract the sec 194C if is satisfied then tds needs to be deducted.
saitejaswi
(Querist)
13 August 2013
sir,
please quote the section related to that tds deduction for tax audit
please quote the section related to that tds deduction for tax audit
13 August 2013
To me it seems question is whether Prop Business is required to start deducting TDS from the year of Tax Audit itself.
saitejaswi
(Querist)
13 August 2013
Yes sir the business is proprietary concern
13 August 2013
Then refer sec 194C & 194J 194 H AND 194 I.
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
- GST input credit on commercial property
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
