First year of tax audit of an individual
This query is : Resolved
26 September 2011
In the first year of tax audit for an individual when he his liable to deduct tax at source? As and when the limit prescribed Under Section 44AB(a)or(b)exceeds that is post the date from which my turnover is exceeded only for those payments or for all the payments made from the beginning of the year?
Kindly Give your View at the earliest
Thank You in Advance
Kindly Give your View at the earliest
Thank You in Advance
26 September 2011
Your understanding seems to be correct in view of the clear provisions in the said sections.
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