Audit report
This query is : Resolved
19 January 2016
Dear sir may clients had audited under sec 44ab but sir in current year if he made any payment to party for purchase of materials in this case TDs applicable or not...
19 January 2016
No TDS for' purchase of materials' irrespective of audited or not.
19 January 2016
In this case he can audit under section 44AD but his sales of Rs 25298766
19 January 2016
You will come Under Tax Audit u/s 44AB not u/s 44AD Since you have Gross Turnover Exceeded Rs.1 Crore. Purchase of Material Not attract TDS , TDs attract only on Labour / Job Work / Contract/Professional Fees/Rent.
Mere Purchase / Sales not attract TDS.
Mere Purchase / Sales not attract TDS.
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