08 June 2009
Is it mandatory to deduct the Tax (TDS) in case where
1) the assesse is a partnership firm and having turnover below 40 lakhs
2) in case the assesse is a partnership firm, having turover below 40 lakhs and the assesse is opting presumptive tax under Sec.44 AD (Deemed profit @ 8% of turnover)
CAclubindia
