Tds deduct liability?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2012 I have proprietorship firm, & My Company was in audit before 2 financial year, so i deducted tds in last financial year, but not in audit last fy, so i am liable to deduct tds in current year or not?

I Have Audit in Fy 10 11

Not Audit In FY 11 12 (TDS Deducted from party)

Now What in FY 12-13? is there liability to deduct tds

Mohit Naithani

Mohit Naithani (Expert)
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20 December 2012 Yes,

You have to follow previous year proceduct and have to deduct TDS in current Financial Year and carry on.

Thier is no difference weather you cover u/s 44AB or not.

Now please deduct TDS and file return properly.

Regard

Mohit