Question ID : 29554

TDS Applicability

An individual who is liable to get his account audited us 44AB because of his turnover exceeding threshold limit in the immediate preceding year is liable to comply with TDS provisions. I am of the view that this condition will not apply to an individual who gets his account audited us 44AB even though his turnover is less than the threshold limit prescribed for the reason that he is declaring net profit less than 8 prescribed us 44AD. Please confirm whether my view is right..

posted by Ethirajan on Apr 11 2018 12:00AM