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sanjaykagliwal (Accountant)     30 April 2013

When tds deductible by a proprietorship firm

Sir, 

I think if a proprietorship concern has to be done mandatory audit  in a financial year, The concern must has to deduct TDS from the next financial year. 

Q.1.  if  a proprietorship concern has total sale below audit limit in a financial year, but shows net profit below   8%,  does the firm has to deduct tds from next financial year.

Q.2.     if  a proprietorship concern comes within mandatory audit limit in a financial year, but not in next financial year, then TDS should be deducted in the next financial year or not & after that ?                                                                                          

Q.3.   What is the limit for mandatory tax audit  & W.B. Vat audit for financial year 2012-13.

Q. 4  What is the limit or crieteria to deduct TDS for a Partnership Firm & Pvt. Ltd. Co.



Learning

 1 Replies

Divya jain   26 December 2022

Income Tax Return <a href="https://cadivya.com/"  > Audit Of Proprietorship Firm</a> is mandatory for the propreitor and companies to file the income tax return above the limit of 5 lakhs income.


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