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Tds applicable on tax audit of presumptive cases

This query is : Resolved 
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(Querist)
22 January 2019 Our is a Professional partnership firm having Gross Receipt of Rs.9 Lakhs but we are getting our books audited U/s44AB as our Net Profit if less than 50% of gross receipts.

In this case will firm be liable to deduct TDS on any payment??
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 January 2019 no. TDS provisions which are linked to turnover under 44AB won't apply in this case.
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