Tds laibilities
This query is : Resolved
Ramsharan Patidar
(Querist)
04 May 2015
sir
my firm Tornover 80 lac only
so not audited
but net profit less then 8% so will be tax audit
plz clear TDS laibilities
04 May 2015
If it is a proprietorship firm then TDS not applicable. Only Tax Audit u/s 44AB is considered. So say, if during FY 2014-15 Tax Audit u/s 44AB is applicable then TDS required to be deducted from FY 2015-16.
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