Tan for unaudited individual

369 views 2 replies

My proprietor firm file was being audited as turnover was above audit threshold till 2 years before. I had also obtained a TAN number for TDS deposits which I deducted from interest payments on loan taken from private parties. Now since two years, as I have only rental income and no more business, my file is not being audited. But I am paying interest on loan taken from private parties.

Being an unaudited individual, do I require to deduct TDS, deposit them and file TAN return?

Or shall I not deduct any TDS from anybody and surrender the TAN?

Replies (2)

Dear Ramesh for indivituals and HUFs whose turnover was below limit of sec 44AB ( tax audit) for previous year need not to deduct TDS under sec 194A,194C, 194H, 194I, 194J in the current year. since you only have rental income for past 2 years you need not to deduct TDS on your interest payments

agree with Mr. Shankar

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details