Tds applicability with reference to 44ab

TDS deduction liability cannot be avoided as turnover exceeds 1Cr. (Tax liability LIMIT u/s. 44AB)

Originally posted by : Dhirajlal Rambhia
	TDS deduction liability cannot be avoided as turnover exceeds 1Cr. (Tax liability LIMIT u/s. 44AB)

Sir I agree with your Answer but if in above case can we file return u/s 44AB(e) claiming less income than deemed suppose 5% or we have to file in 44AB(a)

Second Case:

if my Turnover is 95 Lakh & I file return u/s 44AB(e) then also I have to do TDS compliance for next year or it is applicable only for 44AB(a) & b

1. Here the difference is only section applicable for tax audit, be it  44AB(a) or sec. 44AB(e). sec 44AD would be helpful only if you can declare profit margin of 6/8% of TO, to avoid tax audit.

2. If you have selected sec. 44AD  for TO 95 lakhs, no TDS liability arises in following year.