First year 44ab audit tds provisions applicability
This query is : Resolved
28 September 2011
one of my clients covered under 44ab audit
in first year of business. whether 194a tds
provision are applicable or not.
one of my clients covered under 44ab audit
in first year of business. whether 194a tds
provision are applicable or not.
28 September 2011
Not applicable by virtue of the proviso to section 194A(1).
28 September 2011
The proviso is applicable only to an individual & HUF.
In case of persons other than individuals & HUF, Section 194A will be applicable and TDS will have to be deducted.
In case of persons other than individuals & HUF, Section 194A will be applicable and TDS will have to be deducted.
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