07 January 2012
The assessee, an individual, is MCA by qualification. He is carrying the business of developing web-sites, software and other allied IT work. The turn over/receipt is going to exceed 15 lac this FY. Whether he falls under specified profession for maintenance of books of accounts u/s 44AA and qualifies for audit u/s 44AB or not?
If he not covered u/s 44AB and pays salary to some employees above non-taxable limit. Then TDS provisions on salary u/s 192 is applicable or not?
CAclubindia
