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Tds provisions applicability for business claiming exemption under section 44ad presumptive taxation

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(Querist)
17 December 2013 Can a resturant business claiming presumptive taxation under section 44AD opt to not to deduct TDS on rentals paid by it as they dont have any mandate to obtain TAN no. as well not required maintain books of accounts?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
17 December 2013 An eligible assessee, other than a firm, covered U/s 44AD is not required to deduct TDS U/s 194I.

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