Applicability of TDS Provisions, when TO exceeds 1Crores
This query is : Resolved
12 April 2025
Sir, when turnover exceeds one crore rupees, in the case of Individuals and HUF, then the applicability of TDS provisions triggers of only 194C, H, J, but not the other TDS provisions, as I understood from the provisions of 194C-Explanation:(i)(l)(B), Second Proviso to Section 194H, second proviso to Section 194J (1), Am I Correct?
12 April 2025
Sections like 194-I (Rent), 194-IA (Immovable Property), 194-IB (Rent by Individuals/HUFs), 194D (Insurance Commission), etc. do not get triggered merely because turnover exceeds ₹1 crore.
These sections have their own thresholds and conditions, and do not depend on the turnover of the Individual/HUF payer.
These sections have their own thresholds and conditions, and do not depend on the turnover of the Individual/HUF payer.
29 September 2025
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