Tax Audit

Prakash (CA Final Student) (32 Points)

13 July 2010  

Hi Every one, This is Prakash

You people aware that all companies recruiting some employees on contract basis and Giving TDS Statement in Form 16A mentioning its a consultancy service or something.

Say it is a software company, giving form 16A for a Contract Employee nd the amount paid was Rs.15,00,000 with Tax deducted on it

Now tell me whether he needs to get his Accounts audited U/s 44AB since the amount exceeds 10 lacs????