13 July 2010
Hi Every one, This is Prakash You people aware that all companies recruiting some employees on contract basis and Giving TDS Statement in Form 16A mentioning its a consultancy service or something. Say it is a software company, giving form 16A for a Contract Employee nd the amount paid was Rs.15,00,000 with Tax deducted on it Now tell me whether he needs to get his Accounts audited U/s 44AB since the amount exceeds 10 lacs????
CAclubindia
