Tds

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saitejaswi

saitejaswi (Querist)
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13 August 2013 Whether TDS is to be deducted in the case of first year of tax audit for new proprietary business?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 August 2013 the ans is yes provided any of tds section should be applicable then only.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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13 August 2013 No. Say Tax Audit is applicable for FY 2012-13 then TDS required to be deducted from FY 2013-14 onward.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

saitejaswi

saitejaswi (Querist)
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13 August 2013 sir,
please quote the section related to that tds deduction for tax audit

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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

saitejaswi (Querist)
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13 August 2013 Yes sir the business is proprietary concern

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 August 2013 Then refer sec 194C & 194J 194 H AND 194 I.