Tds applicable or not

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Jaipal Singh (Querist)
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26 March 2015 Sir my individual business turnover is 70 lac in FY 2014-15. Tax audit is not applicable. I am not having TAN, I am liable to deduct TDS on expenses like proff fee, contractor, rent etc. regards

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Querist)
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27 March 2015 No, in case of individuals liability to deduct tax arise only when if liable to tax audit during the financial year immediately preceding the financial year in which such payment are made. In your case, if FY 2013-14 audited or not .

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 March 2015 the ans is no if you were not liable to tax audit in fy 13-14 then no tds to be deduicted in fy 14-15

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