Tds applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2014
In case of a sole proprietor, TDS provisions apply only on being liable for tax audit. In case a businessman becomes liable only towards the end of the year, will his expenses on which tax is not deducted prior to being liable be disallowed??
18 September 2014
No. If Tax Audit applicable in FY 2013-14. Liable to deduct TDS only from 01.04.2014 i.e., from FY 2014-15.
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