TDS
This query is : Resolved
Sunil Agarwal
(Querist)
16 July 2009
I have started a bussiness in the F.Y 2009-10 and turnover of the bussiness is 1 crore in above financial year. Do I require to deduct TDS in Financial 2009-10 wherever applicable or not as I have started bussiness in the F.Y 2009-10
CS Vandana Kacholia
(Expert)
16 July 2009
If turnover is 1 crore, tax audit is applicable to you and therefore you have to deduct tds on payments accroding to tds rules.
taxindiaconnect
(Expert)
16 July 2009
Yes
CA Nitin Wadhwani
(Expert)
16 July 2009
No.
You will have to deduct TDS from Next Year.
You will have to deduct TDS from Next Year.
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