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44ab

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02 April 2016 while deducting tds.. If an assesee who has both income from business as well as profession but if he is covered under tax audit only in either of the two.. will he be able to deduct TDS to expenses pertinent to both business as well as profession.. or only in which he is cover under tax audit.... please explain
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 April 2016 He has to deduct TDS if 44AB was applicable in previous FY. TDS to be deducted whether it is on account of business payment or professional payment. 44AB is applicable for that particular PAN and only for business or profession.
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