Notice

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Crossed threshold limit and became liable for Tax Audit for the first time during the FY 2017-2018 total payments of job works was around ₹18 lakhs .He didn't applied for TAN till July 2018 ,so he didn't charged TDS U/s 194C .Is he liable to deduct TDS during the FY 2017-2018?.If yes,then what step should be take now.
If he shows payment of ₹18 Lakhs for job works then is there any chance to get notice from IT department.
Replies (1)
If u r individual and HUF liable for tax audit first time then no need to deduct tax for first Assessment year(in ur case AY 18-19) ....but for subsequent year get TIN and start deducting TDS


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