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13 June 2011 PLEASE GUIDE WHERE THE ASSESEE FOR THE A.Y. 2011-12 HAS AN AUDIT SUBJECT TO SEC. 44AD. WHERE HIS TURNOVER IS LESS THAN RS. 60,00000/- & HIS NET PROFIT IS LESS THAN 8% SO, HIS BOOKS REQUIRES AUDIT. WHETHER FOR A.Y. 2012-13 TDS PROVISIONS TO DEDUCT TAX & GET TAN NO. APPLIES TO ASSESEE OR NOT??

13 June 2011 no TDS liab arises only if the yurnover exceeds the limit specified in section 44AB

CA MANOJ GUPTA
JODHPUR
09828510543

16 June 2011 thanks Manoj sir. These are the exact wordings of sections.




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