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TDS in case business is a new

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(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
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Ashiwini Ballodia

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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
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
13 October 2017 Agreed with Ashwini Ballodia Sir......
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Mayur Mahamuni

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Mayur Mahamuni (Querist)
13 October 2017 But even though thrashhold limit exceeds more than the limit specified in the Sec 194c and 194J
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Mayur Mahamuni

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Mayur Mahamuni (Querist)
13 October 2017 And also it is OK if registration taken on safer side and make compliance incase of individual business
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 Yes it is safer to take the registration
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Ashiwini Ballodia

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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
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Mayur Mahamuni

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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.
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Ashiwini Ballodia

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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
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
13 October 2017 File the Nil return online it will hardly takes 5 minute
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Mayur Mahamuni

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Mayur Mahamuni (Querist)
13 October 2017 thanks you very much sir
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