Suppose a person expects receipt of 40 lacs in profession and he is planning to get his accounts audited u/s 44AB.
So whether he will be liable to deduct tax on rent paid 250000 for the year 2019-20.
No, if your case was not audited u/s. 44AB for FY 2018-19. i,e for AY 2019-20
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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