My annual turnover for the financial year 2018-19 is Rs. 84 lakh and i m showing profit u/s 44ad of Rs. 588000 i.e 7% of my turnover totally from bank receipts. But i m paying salary to one of my staff member of Rs. 6 lakh annually, can i m liable to deduct tds on salary or not. Plz reply because we are not maintaining books & showing our income in section 44AD
CAclubindia
