Hi Experts
I am dealing accounts of a House keeping and Security Services which is a proprietor entity.
We are taking catering services.As on date Rs 150,000 is accounted in books but not yet paid
is it require to deduct TDS u/s 194 C
Ours is a Startup proprietor entity
Please advise
Thanks in advance
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TDS on Catering Services Security and House keeping services
Replies (3)
Yes, if the proprietor is liable to deduct tax, i.e. if the entity is liable for tax audit u/s. 44AB in immediately preceding AY.
Thanks for Reply @ Dhirajlal sir
Entity business starts from 25.04.2022. there is no business/tax returns for previous financial year
Current financial year turnover is expecting 6 crores
please advise accordingly
Thanks
Entity business starts from 25.04.2022. there is no business/tax returns for previous financial year
Current financial year turnover is expecting 6 crores
please advise accordingly
Thanks
No liability to deduct TDS in first year of commencement. But after audit of the current FY, i.e from next year, liability to deduct TDS will arise.
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