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Basic requirement for deducting TDS

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(Querist)
23 January 2008 What is the basic requirement for individuals to deduct TDS.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
23 January 2008 you have to go through the provisions of section 204 of IT Act for understanding who is the person resposible for paying who is liable to deduct tax at source
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
26 January 2008 if an individual whose total turnover is rs 40 lakhs and in prfession gross receipt is rs 10
lakhs are liable to audit u/s 44AB under income tax act. the tds provision is applicable to individual only if above condition is applicable
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