We are manufacturer Prop. concern and started business in f.y. 2021-22 with turnover around 15.50 Lacs. But in f.y. 2022-23, we have achieved a turnover around 2.54 Cr. Also we get done Job work from a vendor around 1.50 Lacs in F.Y. 2022-23. Should we deduct Tax on Job Work charges or we are exempt to deduct tax as our previous year turnover is below Tax Audit.
CAclubindia
