Assessee is liable for tax audit but not having tds registration . In this case all payments were made without deducting tds . Can we Disallow all the Payments ?
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Quick Summary
This discussion addresses a crucial tax audit scenario where an assessee is liable for an audit but lacks TDS registration. It explores the consequences of making payments without deducting TDS, specifically whether all such payments can be disallowed. The consensus suggests that 30% of these payments will likely be disallowed in the current year. Guidance is also provided on the requirement to obtain TDS registration for future compliance.