First time audited individual firm and tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2012
My individual Firm is in audit for first time as turn over exceed Rs.60/-Lacs for F.Y 11-12. it is require to deposit TDS for Amount Already Paid To Sub-contractor in f.y 11-12. whether TDS is applicable in f.y.11-12 or not.and it requre to Deposit in A.Y 12-13 For TDS Of F.Y 11-12
04 August 2012
No deduction of TDS from payment to Sub contractor...since this is your first year of audit... you are liable to deduct TDS in FY 2012-13 if you make any payment which require deduction...
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