1) A and Co a prop concern for the year ended 31.3.13 ends up in loss. Turnover is 54 lacs.
Is tax audit applicable ?
They have made one single chq payment to advertising agency with out deducting tax. How this will be reported and does this make any change is computation statement ?
2) Instead of a prop concern, if the above is an AOP and there is excess of income over expenditure, is TDS applicable on the adv expenses paid ?
Applicability of tds
geetha (student) (414 Points)
08 July 2013
CAclubindia
