Tds applicability
This query is : Resolved
12 June 2012
Sir,
If in previous year audit is conducted u/s 44AD then whether in current year provision for TDS deduction will be apply to assesse?
If in previous year audit is conducted u/s 44AD then whether in current year provision for TDS deduction will be apply to assesse?
12 June 2012
No, not applicable. AS sections says TDS prvisions are applicable for individual or a Hindu undivided family,only whose total sales, gross receipts or turnover from the business or profession carried on by him exceed the monetary limits specified under clause (a) or clause (b) of section 44AB during the financial year immediately preceding the financial year.
There is no reference for audit U/s 44AD.
There is no reference for audit U/s 44AD.
Message likes :
2 times
12 June 2012
Yes I am Agree With him . NO relation Between 44AD Audit & Tds Provision
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