U/S SEC44 AD

This query is : Resolved 

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



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