My client has partnership firm and turn Over in F.Y- 11-12 Rs 80 Lac. they has done Tax Audit Producer. 1st time Tax audit in F.Y. 2011-12 so TDS is not Deducted of their Tax Practitioner.
Now F.Y- 2012-13 their turn over is again 81 Lacs. He dose not cross the Turn over limit.
1 can i show is income under section 44AD ?
2. He made Payment to Labour Contractor. he dose not deducted TDS. TDS is compulsory to Deducted from Contractor. TDS provision is Applicable or Not
24 July 2013
Partnership firm is liable to deduct tax irrespective of the fact -whether it was under tax audit or not. I completely agree with the expert. .
CAclubindia
