Dear All,
Assesse has filed his return u/s Sec 44AD in the A.Y. 2011-12, being income more than 8% of the gross receipts.
However, in the current year the income shall be more than the 8% of the gross receipts , and hence falls under the purview of 44AB.
Now, what about the TDS liability in the current year when the assesse falls under Sec 44AB????
In case, the assesse comes under the normal provisions for filing the return in the current year (i.e not under 44AD) then what about the TDS liability??
Plz address the query asap as the TDS needs to be dedeucted in the last quarter.
Thanks...Prachi
CAclubindia
