Tax audit and TDS for year 2020 21
rocky (accountant) (948 Points)
29 September 20211)Is tax audit compulsary now
2)If yes, then should TDS also be collected and paid in the first year of audit?
rocky (accountant) (948 Points)
29 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(165542 Points)
Replied 29 September 2021
1. No, if the income declared under Sec. 44AD
2. TDS u/s. 194J/H/C etc. will be applicable from FY 2021-22.
Live class on PF & ESI Enrollment & Returns Filing(with recording)