17 September 2014
THE ASSESSEE IS AN INDIVIDUAL INTO BUSINESS. HIS TURNOVER FOR F.Y.2013-14 IS LESS THAN 1CR. HE HAS SHOWN NP OF LESS THAN 8% HE WILL GET HIS ACCOUNTS AUDITED U/S. 44AB(d)
will he require to deduct TDS in F.Y.2014-15 on various payments
17 September 2014
TDS provisions apply only where the turnover limits under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year in which such sum by way of fees for professional services or technical services is credited or paid, are exceeded.
the audit for 44AD cases is conduced under clause (d) of section 44AB. So TDS provisions don't apply to you.
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