TDS

This query is : Resolved 

16 July 2009 I have started a bussiness in the F.Y 2009-10 and turnover of the bussiness is 1 crore in above financial year. Do I require to deduct TDS in Financial 2009-10 wherever applicable or not as I have started bussiness in the F.Y 2009-10

16 July 2009 If turnover is 1 crore, tax audit is applicable to you and therefore you have to deduct tds on payments accroding to tds rules.

16 July 2009 Yes


16 July 2009 No.
You will have to deduct TDS from Next Year.



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