Question ID : 20974

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 ?

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