Tds applicablity

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 !!!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details