Is there any TDS provision which says Assessee need not make TDS on payments if the tax audit is done for first time.
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Tds provisions
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If the assessee is an individual or huf and for the first time his gross receipts or turnover exceed the limits prescribed for Sec 44 AB ( ie for Asst Year 2013-14 Rs.1 crore), then for that asst year TDS provisions Not applicable. He can take shelter for not paying TDS on applicable expenses.Check section 40 a(ia) of IT Act.
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