TDS in case business is a new
This query is : Open
13 October 2017
Hi Frends,
My query is that, if a business is newly setup, then is it necessary to make TDS deduction while making payment of professional fees or payment to contractor under section 194J or 194C viz
Do it require to take TAN registration.
Also if in any quarter no TDS deduction happens, is it require to file quarterly TDS return
13 October 2017
An Individuals or an H.U.F. is not liable to deduct TDS if tax audit was not done last year but for others deductor TDS to be deducted whether it is a new assessee
File a NIL return online because sometimes notice comes for not filling the return
13 October 2017
Agreed with Ashwini Ballodia Sir......
13 October 2017
But even though thrashhold limit exceeds more than the limit specified in the Sec 194c and 194J
13 October 2017
And also it is OK if registration taken on safer side and make compliance incase of individual business
13 October 2017
Yes it is safer to take the registration
13 October 2017
If you don't have TAN (Applicable for individual or HUF) than you don't have to deduct TDS even if limit exceeds threshold
13 October 2017
Thanks Ashwini Sir,
If registration taken, then is it mandatory to file quarterly TDS return, if in any quarter no TDS deduction.
13 October 2017
Better to file the return as I already told you that sometime notice are sent for non filling of quarterly returns
13 October 2017
File the Nil return online it will hardly takes 5 minute
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13 October 2017
thanks you very much sir
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