10 March 2015
A Sole Proprietor is liable to TDS provisions, only if he falls under Section 44AA & 44AB, i.e. only if his turnover exceeds Rs. 1 Crores. If that is the case, he should first apply for TAN No. & then only he can deduct the TDS.
10 March 2015
For TDS deduction deductor should have valid TAN number, if not having but deducted TDS, then obtain TAN and pay after alloted TAN with applicable intetest to government
10 March 2015
thanks Gaurav, he has confirmed that his turnover exceeds 2 cr, so as per his Auditor guidance he is deducting tax from past few months on the rent what he is paying me.
10 March 2015
yes gaurav, i understood what ramesh explained, however now can i claim the TDS (from my tenant)what ever he has deducted while paying my rent as he will not be able to give be certificate for this FY-14-15.
CAclubindia
