Dear friends
Section 194A
deductor is individual
FY 15-16 turnover exceeds audit limit of Rs. 1 crore
FY 16-17 Turnover does NOT exceed audit limit of Rs. 1 crore
Now for PY 16-17 he will deduct TDS because in previous FY 15-16 he exceeded audit limit
My question is will he in PY 17-18 deduct or not deduct TDS? Why?
regards
shivani
TDS PROVISIONS APPLICABLE FOR COMPANY , LLP , PATNERSHIP FIRM
EVEN IF TAX AUDIT PROVISIONS NOT APPLICABLE
FOR INDUVISIBLE AND HUF TDS PROVISIONS APPLICABLE WHEN
TURNOVER EXCEEDS LIMIT OF TAX AUDIT
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