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.
