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TDS

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(Querist)
14 March 2011 A proprietorship business is liable to deduct TDS from the payment of Commission & Contract? if its not liable for audit U/S44AB
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Ravikant

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Ravikant (Expert)
14 March 2011 YES, ONLY IF THE PROPRIETOR WAS LIABLE TO TAX AUDIT U/S. 44AB IN THE PRECEDING YEAR i.e. 2009-10,
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
14 March 2011 Yes, Tds is required to be deducted if the deductor is liable for the Audit u/s. 44AB
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