TDS in case business is a new
This query is : Open
Mayur Mahamuni
(Querist)
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
Ashiwini Ballodia
(Expert)
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
CA Rashmi Gandhi
(Expert)
13 October 2017
Agreed with Ashwini Ballodia Sir......
Mayur Mahamuni
(Querist)
13 October 2017
But even though thrashhold limit exceeds more than the limit specified in the Sec 194c and 194J
Mayur Mahamuni
(Querist)
13 October 2017
And also it is OK if registration taken on safer side and make compliance incase of individual business
Ashiwini Ballodia
(Expert)
13 October 2017
Yes it is safer to take the registration
Ashiwini Ballodia
(Expert)
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
Mayur Mahamuni
(Querist)
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.
Ashiwini Ballodia
(Expert)
13 October 2017
Better to file the return as I already told you that sometime notice are sent for non filling of quarterly returns
Ashiwini Ballodia
(Expert)
13 October 2017
File the Nil return online it will hardly takes 5 minute
Message likes :
1 times
Mayur Mahamuni
(Querist)
13 October 2017
thanks you very much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
