Tax audit

This query is : Resolved

jigar samani (Querist)
Follow

25 February 2014 Hello,

If any proprietor is falling under tax audit for the first time then TDS provisions are required to be fulfilled or not?? kindly give me justification with section.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

25 February 2014 TDS provision applies in next year, not in first year.

See, for example, explanation(i)(l)(B) of section 194C.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

25 February 2014 TDS provisions provide that an individual who was required to get his accounts audited in the PREVIOUS YEAR is required to deduct TDS.

An individual who becomes liable for tax audit is, say, 2013-14 is NOT required to deduct TDS in the FY 2013-14 because he was NOT required to get his accounts audited in the FY 2012-13.

He will be required to deduct TDS in the FY 2014-15.

Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)
Follow

26 February 2014 The TDS provisions will apply in F yr 2014/15 onwards....

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

sandhya.v

Amit Bagla

Vidish Bhatt

CA. MOHIT SHARMA

T Ramachandran

Subscribe Now

Tax audit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANT

GST CONSULTANCY

CA Final