09 May 2011
ANY ONE QUIDE ME THAT, 1 ) U/S 44AD WHICH RATE OR PRESMTION TAX 5% OR 8 % 2) ALL MANUFACTURING & TRADING FIRM THIS AMEDMENT APPICABLE ? 3) TDS IS APPLICABLE TO FIRM FROM THAT AUDIT YEAR.
09 May 2011
1] 8% 2] yes 3] Firm has to deduct TDS if the payments crosses the limits of TDS, from the start of business. Audit clause applies to individuals/huf
CAclubindia
