Tds applicability

This query is : Resolved

VIPIN GUPTA (Querist)
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28 February 2019 Dear Sir, I was covered under tax audit During the A/y 2017-18 and not covered under A/y 2018-19, do we have to deduct TDS for A/y 2019-20. We are having the TDS number is there any obligation to Deduct TDS as we have TDs Number.

SHOBHIT GOYAL

SHOBHIT GOYAL (Expert)
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28 February 2019 As per Income Tax Act Provisions, An individual is liable to deduct tds on payments when he is liable to Tax audit U/s 44AB in the immediately preceding financial year in which such payment is credited or paid.
As per your query, you were not covered under Tax audit for the A/y 18-19. Therefore you are not required to deduct TDS in A/y 2019-20. (Assuming You as an Individual Tax payer)
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