tds


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30 November 2010 If a person is not subject to tax audit u/s 44AB during the year he becomes subject to tax audit u/s 44AB then is he liable to deduct tax at source?

30 November 2010 Say, If your turnover has crossed Rs. 40 lakh in Jan., 2010, you are liable to get your accounts audited u/s 44AB for the F.Y 2009-10. But, TDS provisions will be applicable from the next financial year starting 1st April, 2010.


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