Easy Office
LCI Learning

TDS in case business is a new


13 October 2017 Hi Frends, My query is that, if a business is newly setup, then is it necessary to make TDS deduction while making payment of professional fees or payment to contractor under section 194J or 194C viz Do it require to take TAN registration. Also if in any quarter no TDS deduction happens, is it require to file quarterly TDS return

13 October 2017 An Individuals or an H.U.F. is not liable to deduct TDS if tax audit was not done last year but for others deductor TDS to be deducted whether it is a new assessee File a NIL return online because sometimes notice comes for not filling the return

13 October 2017 Agreed with Ashwini Ballodia Sir......


13 October 2017 But even though thrashhold limit exceeds more than the limit specified in the Sec 194c and 194J

13 October 2017 And also it is OK if registration taken on safer side and make compliance incase of individual business

13 October 2017 Yes it is safer to take the registration

13 October 2017 If you don't have TAN (Applicable for individual or HUF) than you don't have to deduct TDS even if limit exceeds threshold

13 October 2017 Thanks Ashwini Sir, If registration taken, then is it mandatory to file quarterly TDS return, if in any quarter no TDS deduction.


13 October 2017 Better to file the return as I already told you that sometime notice are sent for non filling of quarterly returns

13 October 2017 File the Nil return online it will hardly takes 5 minute

13 October 2017 thanks you very much sir



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query