My client is maintaning separate Books of Accounts i.e Business Set & personal sets. In business set which is proprietory concern having Turn over of Rs.1.00 crores dulyy audited u/s 44 AB of the Act. In personal set of Books of accounts , income is Dividend , Bank interest , Capital Gain of shares etc. In persoanl Set , they have also paid interest exceeding Rs.10000/- My question is TDs is required to be deducted u/s 194 A although, in personal set ther is no business income . Proprietory Business income only clubed in his individual Return
Jayesh shah CA
CAclubindia
