Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2015
when can a sole proprieter start deduct TDS?
Can he deduct from his Personal tan no
even though company name is different
Can he deduct from his Personal tan no
even though company name is different
25 March 2015
In Sole Proprietorship Individual TAN and Firm TAN is not different. They are same just like Individual PAN is used for filing Income Tax Return of the Proprietorship Firm. Individual and his firm has same legal entity.
Individual is required to deduct TDS if in the previous Financial Year his file was subject to Tax Audit u/s 44AB.
Say Tax Audit was applicable in FY 2014-15 then Individual is required to deduct TDS from FY 2015-16.
Individual is required to deduct TDS if in the previous Financial Year his file was subject to Tax Audit u/s 44AB.
Say Tax Audit was applicable in FY 2014-15 then Individual is required to deduct TDS from FY 2015-16.
Message likes :
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Rupesh Jain
(Expert)
25 March 2015
tan is same for prop. it will name of prop.
tds required when sales in last year required to audit u/s 44AB.
tds required when sales in last year required to audit u/s 44AB.
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