TDS-194A

This query is : Resolved 

25 March 2010 It is the 1st year of the Proprietorship concern, is it liable to deduct TDS on Interest.
Its urgent please reply fast.

25 March 2010 Yes, it is, even if it's ur first year of proprietorship concern.

25 March 2010 Can u just give me any reference which would be helpful to me while answering it to my sir

25 March 2010 for a propritory concern TDS is applicable if in the previous year he is covered under 44AB tax audit,so, in your case TDS is not applicable.

27 March 2010 agree with mishraji


29 March 2010 Thanks everyone



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