15 March 2023
A PROFESSIONAL FILED ITR U/S 44ADA LAST YEAR BUT WISH TO GET AUDITED THIS YEAR, HIS TURNOVER IS LESS THAN 50LACS BUT PAYS A RENT OF ABOVE 50000 PER MONTH FROM THIS YEAR , SO IN SUCH CASE HE HAS TO DEDUCT TDS @5 % U/S 194IB?
15 March 2023
Thanks sir, 1 more thing tds to be deposited once for whole year after deducting it from last month rent or to be deposited monthly from each month rent.
CAclubindia
