if an assessee has opted for 44AD and his turnover is 1.5Croce and showed profit less than 8% and income exceed basic exemption limit.
if the assessee is liable for
audit then tds provision will be applicable for current year or from next year onwards
what if the turnover was 80lakhs ? then TDS Provision applicable??
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Audit u/s 44AB(e)
Replies (3)
1. Next Year.
2. No.
thanks you sir
so tds provision is applicable only if turnover exceeds 1crore
so tds provision is applicable only if turnover exceeds 1crore
Yes, it is applicable as and when business turnover exceed 1 cr in any preceding year ...
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