Sir,
Please let me know is there any TDS provisions are applicable for first year tax audit (total Turnover 1.15 Crore for the FY 2014-15) for Individual (Proprietorship concern). We have not deducted the TDS in the FY 2014-15 but now we are deducting the TDS under 194C for FY 2015-16.
Regards,
Dayanand
You are correct, TDS provisions are not applicable for FY14-15 since that is the 1st year. TDS provisions are applicable FY15-16, as tax audit is applicable for the preceding year i.e. FY14-15.
Thank you very much madam.
I agree with Poornima.
You are meeting to all the necessary compliances. Also apply for a TAN if not applied yet and quote your TAN in your TDS returns, TDS payments and Form 16 as well as Form 16A
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