TAX AUDIT SECTION 44AB

CA. BIJENDER KR. BANSAL (ACA, B.COM) (8118 Points)

12 August 2010  

 

X is a sole proprietor. F.y 09-10= Turnover 45 lakh F.y 08-09= Turnover 39 Lakh F.y 07-08= Turnover 50 lakh He has paid a royalty of Rs 35,000/- to a company on march 25, 2009 without deducted TDS.
Question is
 Tax audit u/s 44AB is applicable in this case in FY 2009-10  & Disallowance U/s 40(a)(ia) is applicable in the case or not?