14 April 2015
As per Income Tax Act an individual(proprietor) is required to deduct TDS only if he/she got his/her accounts audited u/s44AB in the previous financial year If once he/she is liable for TDS in a particular year, will he continue with the liability despite his turnover falling below turnover limit u/s 44AB in any subsequent year
14 April 2015
Every year is required to check whether they liable for their account audited u/s 44ab they are liable for tds for particular year only when his turnover falling beyond turnover limit u/s 44ab during that particular year
CAclubindia
