Sec 44 Ab
This query is : Open
Venkat koushik
(Querist)
17 May 2017
I have a business with turnover of less than 2 crores and I don't want to go through 44 AD. So I am through sec 44 AB and I am paying interest of 2 lakhs without TDS. can I do like that or to deduct TDS? Thanks in advance
CA R SEETHARAMAN
(Expert)
17 May 2017
Deduct TDS as you are falling under 44AB.
CA Rashmi Gandhi
(Expert)
17 May 2017
if you are audited u/s 44AB as turnover exceeds 1 crore in last assessment year then you have to deduct TDS otherwise not
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