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Question ID : 44368

Applicable of TDS Provision in case of First year of Audit

Dear Sir, A Proprietary business having turnover more than 9.00 Crore during the FY 2021-22.He is liable to Tax Audit u/s 44AB during FY 2021-22.Please let me know, whether TDS provisions are applicable or not for FY-2021-22.He has made payments for Contractors, Professional fees, etc. during 2021-22 without deducting TDS. Please explain whether these expenses will be disallowed on the ground that TDS not deducted ?

Posted by KAMAL KISHORE VERMA on Sep 11, 2022

Filed Under TDS/TCS

Answer ID : 83818

Not liable to deduct TDS fot FY 2021-22 but wef FY 2022-23

Posted by Mahesh Kumar on Sep 13, 2022