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Tds applicablity

TDS 214 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 !!!


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