Tds applicable on tax audit of presumptive cases
This query is : Resolved
22 January 2019
Our is a Professional partnership firm having Gross Receipt of Rs.9 Lakhs but we are getting our books audited U/s44AB as our Net Profit if less than 50% of gross receipts.
In this case will firm be liable to deduct TDS on any payment??
In this case will firm be liable to deduct TDS on any payment??
23 January 2019
no. TDS provisions which are linked to turnover under 44AB won't apply in this case.
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