my client turnover is 1.45 crores for FY.18-19.. till now he is opting for 44AD. now he wants to show profit less than 8%. and liable for tax audit. is he required to deduct TDS on interest on unsecured loans.
Your client is required to deduct TDS on unsecured loans under 194A.
Even when your client opted for 44AD , at that time also if turnover / gross Receipts exceeded 44AB limits, TDS deduction becomes compulsory even if your client opted for 44AD.
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