TDS deduction liability if no audit but valid TAN

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20 Points Posted on 06 January 2022
The proprietor has a TAN and was audit till FY 2019-20, hence deducting tax. In FY 20-21, no business income hence no audit but a valid TAN. Will he still be liable to deduct TDS in FY 21-22?
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On 06 January 2022 at 22:47 Report
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If a business previously had an audit and deducted TDS, but in a subsequent financial year has no business income and therefore no audit, they are generally not liable to deduct TDS. However, it is crucial to file a Non-Filing Declaration (NFD) for every quarter for both Form 24Q and Form 26Q if you possess a valid TAN.

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SEO Sai Gr. Hosp.
44 Points Posted on 07 January 2022

No. Not liable.            

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On 07 January 2022 at 14:17
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Partner
20 Points Posted on 07 January 2022

Since you have TAN, do not forget to file NFD (non filing declaration for every Q both for 24Q and 26Q separately).

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On 07 January 2022 at 19:25

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