Tds applicability or not
This query is : Resolved
08 November 2017
Sir,
My one client has turnover of Rs. 1.50 Crore in f.y. 2016-17 but he declares his income more than 8% of turnover u/s 44AD. As he declares income more than 8% of turnover then he is not required to audit books of accounts.
Now my question is that whether he is liable for deduct tds for f.y.2017-18 because his turnover is exceeding Rs. 1 Crore.?
My one client has turnover of Rs. 1.50 Crore in f.y. 2016-17 but he declares his income more than 8% of turnover u/s 44AD. As he declares income more than 8% of turnover then he is not required to audit books of accounts.
Now my question is that whether he is liable for deduct tds for f.y.2017-18 because his turnover is exceeding Rs. 1 Crore.?
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