Tds

This query is : Resolved

girish khurana (Querist)
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20 September 2013 AUDIT U/S 44AB OF MY PROPRIETORSHIP FIRM DONE SINCE LAST 5 YEARS BUT IN LAST FINANCIAL YEAR 2011-12 MY RECIEPTS ARE 55 LAKHS AND AUDIT HAS ALSO BEEN DONE

IS I AM LIABLE TO DEDUCT TDS DUERING F.Y. 2012-13

Rupesh Jain

Rupesh Jain (Expert)
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20 September 2013 yes you have to deduct TDS due to you have make audit if this limit is exceeds from limit mention in u/s 44AB

if you are professional then you have to deduct TDS other wise not required

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