17 August 2015
SIR WE ARE FOUND NEW STONE CRUSHER BASE COMPANY OUR TURN OVER IS 19LAKHS WE ARE TAKEN LOAN FROM SREI FINANCE RS 3 CRORES AND FROM TATA CAPITAL RS 30 LAKHS OUR BANK STATEMENT AMOUNT NEARLY 10 CRORES WE ARE PAY TO THE INTEREST BOTH COMPANY'S CURRENT ACCOUNT WHICH RETURN WE ARE FILE TO INCOMETAX 4S OR 4 BECAUSE OUR TURNOVER IS 18 LAKHS AND INCOME FROM VEHICLES 950000 WE ARE FILE TDS RETURNS COMPULSORY OR NOT
17 August 2015
If the form of your organisation is Company, then TDS is compulsory.
On the other hand, if it is sole proprietory, then TDS is not applicable. It will become applicable from the next year of the year in which it has become TAX AUDITABLE.