Assessee is liable for tax audit but not having tds registration .
In this case all payments were made without deducting tds .
Can we Disallow all the Payments ?
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 16 December 2021
30% of payments will be disallowed in the current year.
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 16 December 2021
Yes 30% will be straight away disallowed
Ravinder Singhal
(Compliance)
(497 Points)
Replied 17 December 2021
If it is first audit applicable than no need to deduct tds, but for this year he has to obtion tds registration
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