is TDS applicable for salary if a proprietorship concern is not liable to audit.
CA Dheeraj Bansal (Chartered Accountant) (652 Points)
15 March 2011is TDS applicable for salary if a proprietorship concern is not liable to audit.
CA ANUPAMA
(CMA, CA )
(149 Points)
Replied 16 March 2011
Yes, TDS should be deducted is the salary amount exceed the basic exemption limit even though that proprietorship concern not liable to audit.