04 May 2011
Respected Experts, Our is a proprietorship concern for F.Y. 2009-10 turnover was Rs.48 Lakhs, therfore I started deducting TDS from my contractors and professionals during the F.Y. 2010-11. Now the turnover for 2010-11 is Rs.52 Lakhs and I am not under Tax Audit. Should I stop deducting TDS from contractors and professionals and continue with TDS deductions from Salaries only during F.Y. 2011-12?
09 May 2011
NO, WHY CAN YOU STOP deducting TDS from contractors and professionals and continue with TDS deductions from Salaries only during F.Y. 2011-12.