assessee is filling under section on 4AD since last 10 years. for the financial year 2020 21 , turnover has been increased to 1.56 Cr.,
1)Is tax audit compulsary now
2)If yes, then should TDS also be collected and paid in the first year of audit?
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Tax audit and TDS for year 2020 21
Replies (1)
1. No, if the income declared under Sec. 44AD
2. TDS u/s. 194J/H/C etc. will be applicable from FY 2021-22.
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