One of our client is a PARTNERSHIP FIRM. They are opting Sec 44AD Scheme. They have made somany payments during the year towards expenses for which TDS should have beeen deducted.
Please clarify, WHETHER a Partnership Firm, which avails Sec 44AD benefits, NEED TO COMPLY WITH TDS PROVISIONS.
Plain reading of Sec 44AD does not state clearly about this. But if TDS provisions have not been complied and dsallowance arises, I HOPE no need to disallow any expenditure, because TDS disallowances section 40(a) is deemed to be complied. Please consider this and explain.
CAclubindia
