24 June 2011
THE ASSESSEE (PROPRIETOR) WAS LIABLE TO TAX AUDIT U/S 44AB PAST MANY YEARS, BUT IN THE CURRENT YEAR THE ASSESSEE IS NOT LIABLE FOR TAX AUDIT U/S 44AB.
NOW IF THE ASSEESSEE IS PAYING INTEREST TO OTHER PARTIES IE COMPANIES AND NON COMPANIES, THEN IS THE ASSESSEE LIABLE TO DEDUCT TDS ON EXPENSES. (AS HE ALREADY HAS A TAN)
CAclubindia
