16 June 2011
Is it true that if T/o of last year is crossing tax audit limit , TDS deductibility become mandatory? Case 1: Turnover for fy 2009-10 is 50 lakh(tax audit Limit was 40Lakh) but Turnover during fy 2010-11 is 50 lakh(tax audit limit 60lakh) Case2 : Turnover for fy 2009-10 is 35 lakh but turnover during fy 2010-11 is 65 lakh . kindly guide whether tax would be dedctible on specified exp crossing limit in FY 2010-11 in both above cases
CAclubindia
