19 October 2019
It's a propritorship firm, Tax audit is applicable in A.Y 2019-20, so TDS liability is exempted in the first year of applicability of Tax Audit or not ??
19 October 2019
No need to deduct income tax in AY 2019-20 U/S 194A (interest), 194C (contract), 194H (commission), 194I(rent) and 194J (professional fees).
Ps.:- 194IB (rent) ,195 (payment to non resident) has no distinction between TAX AUDIT and NON AUDIT cases.
CAclubindia
