I decuted TDS in 2015-2016 as the turnover was more than 1 cr in 2014-15 but in 2016-2017 turnover is less than 1 cr but the accounts are audited. So do I need to deduct TDS in 2017-2018 ?
1 Replies
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 29 December 2017
Once you opt for general provisions of the Act for computing business income, then, other provisions will also stand to be applicable.
it would be better for you to Refer section 44AD. there is amedment in this section and also increase in the turnover limit.
other conditions are also imposed.
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