Whether TDS is required to be deducted for FY 2012-13 where Assessee is not liable to Audit u/s 44AB, as turnover is below Rs.1 Crore?
However for F.Y 2011-12, Audit was conducted u/s 44AB, as turnover was above limit of Rs.60 Lakhs.
Pls Advise, whether to deduct TDS on INTEREST on Loans & Advances for FY 2012-13 or not?
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