27 August 2018
Whether TDS on Interest etc is required to be deducted in case of Tax Audit of a firm done due to NP below 8% of Turnover ? However the turnover is below 1 crore.
27 August 2018
Turnover is below 1 crore in case of partnership firm but tax audit is being done due to NP below 8%. So there is no need to deduct TDS on interest on unsecured loans. Is it correct ?