TDS Deduction
Querist : Anonymous
Our is a proprietorship concern for F.Y. 2009-10 turnover was Rs.48 Lakhs, therfore I started deducting TDS from my contractors and professionals during the F.Y. 2010-11.
Now the turnover for 2010-11 is Rs.52 Lakhs and I am not under Tax Audit.
Should I stop deducting TDS from contractors and professionals and continue with TDS deductions from Salaries only during F.Y. 2011-12?
Querist : Anonymous
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