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Tax audit

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11 May 2014 if turnover exceed rs. 1 cr. he is liable to tax audit &in next year he is liable to deduct tds & file tds return. what is in next financial year turn over below rs. 1 cr. he is liable to dedct tds & file tds return in all succeeding financial year.

11 May 2014 no. once the 44AB audit is not applicable in a year, tds compliances wont apply in the next year...

12 May 2014 you have to check turnover every year. thus i agree with nikhil




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