Audit applicable or not!!!
This query is : Resolved
Parth Shah
(Querist)
02 March 2012
There is a Individual Assessee engage in Construction Business & it was incorporated in the year 2008-09. there was Tax audit in the year 2008-09,. while there was no Tax audit in the year 2009-10. while there was Tax Audit in the year 2010-11!! so vill be TDS Applicable for labour or any other section of TDS for the year 2010-11.
02 March 2012
Tax audit related TDS is only for 'individual' assessee's. Here, the assessee being a 'partnership firm' tds provisions attracts irrespective of the turn over limits.
Parth Shah
(Querist)
14 August 2012
thank you sir!!
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