24 October 2009
Our one of the party is proprietor of business of Trading and he has TDS No. in his name since Tax audit is applicable to him.
Now this individual proprietor has purchased one commercial building which he is going to construct 7 storied building so he will be paying to contractors etc.. for construction work, he will buy material and get the labour work of different types done from several contractors.
Whether TDS i tax will be applicable to him? and he has to take New TAN No.?
PL note that he is not going to sell any commercial units. He will either run different type of business himself or he will give certain units on conductiong basis
CAclubindia
