Tds deduction issue

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ASHISH N VARMA (Querist)
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23 September 2013 Respected Sir /Madam,

My Client who is an individual got his books audited for F.Y 2011-2012 and now in F.Y 2012-2013 his turnover is less then Rupees One Crore is this client applicable for TDS deductions on the payments given to Labour

The client is Civil contractor and now I want to file his IT return U/s 44 AD

If My client voluntarily wants to get his books audited is he still applicable for TDS deduction

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 September 2013 Dear Ashish,

Though the TDS section is applicable to all the assessees covered therein, since Section 40 doesnt apply to 44AD cases, there wont be any disallowance under section 40 as such.

However, that doesn't absolve you of obligations under Secion 200 and 201. So yes, TDS regulations do apply to you.

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