State-specific compliance
Income Tax Audit (Sec 44AB) and TDS on Salaries in Bihar
How Income Tax Audit (Sec 44AB) and TDS on Salaries applies to a business operating in Bihar, with state-specific authority, citations and current deadlines.
Definition
Income Tax Audit (Sec 44AB) and TDS on Salaries as it applies to businesses operating in Bihar. Tax audit applies if business turnover crosses Rs 1 Cr (or Rs 10 Cr if cash receipts/payments are <5% of total). TDS on salaries (Sec 192), contractor payments (194C) and rent (194I) flow monthly to TRACES. Audit report due 30 September each year.
- SourceIncome-tax Act, 1961 — Section 44AB; Section 192–194Iincometax.gov.in
What it means in practice
Income Tax Audit (Sec 44AB) and TDS on Salaries is a central regulation that applies uniformly across India, including Bihar. In Bihar, the day-to-day administering authority and the office where filings are submitted will be Income Tax Department / CBDT.
Demo turnover Rs 3 Cr clears the Rs 1 Cr threshold easily.
- SourceIncome-tax Act, 1961 — Section 44AB; Section 192–194Iincometax.gov.in
Does Income Tax Audit (Sec 44AB) and TDS on Salaries apply to your business in Bihar?
Deadlines and penalty
Cadence: annual — next action: 2026-09-30
Penalty for default: Sec 271B: penalty up to 0.5% of turnover or Rs 1,50,000 (whichever lower) for missing tax audit.
Citations
- SourceIncome-tax Act, 1961 — Section 44AB; Section 192–194Iincometax.gov.in