TDS
This query is : Resolved
Nilesh H Mehta
(Querist)
14 March 2011
A proprietorship business is liable to deduct TDS from the payment of Commission & Contract? if its not liable for audit U/S44AB
14 March 2011
YES, ONLY IF THE PROPRIETOR WAS LIABLE TO TAX AUDIT U/S. 44AB IN THE PRECEDING YEAR i.e. 2009-10,
CA Suresh Choudhary
(Expert)
14 March 2011
Yes, Tds is required to be deducted if the deductor is liable for the Audit u/s. 44AB
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