Tds applicablity

TDS / TCS 234 views 5 replies

Dear Sir,

I recently started sand business in Andhra Pradesh . I got purchase orders from my clients. Now i acquire some of my friends vehicles for fullfilling the delivery requirements.  for which i used to pay per Tonn to my friends.In this process id TDS applicable to my friends. I had made the payment already to them without deducting tds. But now i am in dielemma whether to deduct TDs or not to my friends. If we have to pay. I am ready to pay from my pockets for the months of April & May-2018. If apllicable please quote the TDS section applicable for my business.

Please guide me how to move on further with respect to IT provisions. 

Replies (5)

Is yours propritorship business?

yes sir, I am sole preprietor

When your business started this year, there is no TDS liability over you.

FY 2017-18, March 2018. But in Fy 2018-19 i fot purchase orders worth 45L for the period April'2018 to July-2018

No problem........ as your business did not cross 1Cr turnover in 2017-18....... and hence no tax audit liability in FY 2017-18........ thus no TDS liability in 2018-19 !!!


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details