x (PROPRIETARY CONCERN ) paid to y rs 851245 on account of making charges of gold .In this case clarify whether x has to deduct tds under section 194 c or not
if
1. X is liable for audit U/S 44 AB
2.X is not liable for audit U/S 44 AB
3.X is liable for audit U/s 44 AB For the first time
4. X is liable for audit u/s 44 AB But the net profit is less than 8 %
Please clarify the doubt as possible
CAclubindia
