30 October 2011
Hi My Qs is whether it is necessary to cut TDS by a company or a firm for F.Y 2010-11 if it is exceeding the limit given under sec 40, if its turnover during the year is 50 lakhs (which as not covered under tax audit)but its turnover during F. Y 2009-10 is 45 lakhs(which was covered under tax audit during that year)
CAclubindia
