Dear Members,
One of my client is comming under audit u/s 44AB for the first year. He is manufacturing IMFL and Country Liquor. His turnover for the year ended 31st March 2010 is Rs.257.00 lacs. It is his properietory business firm.
I want to know whether he was required to collect TCS. He has not done that. What is procedure now? Whether he can file his return without TCS?
Please help.
Thank you.
No need if its FIRST year of Tax audit (u/s 44AB).
:)
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