Easy Office

Tds applicable on tax audit of presumptive cases

This query is : Resolved 

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??

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



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries