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TAN-Proprietor

This query is : Resolved 
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(Querist)
30 January 2025 My turnover is only 80 Lakhs to 1 Crore, but we are paying 50,000 every month as consultancy charges.

In this regard, is it necessary to deduct TDS? Since we are a proprietorship and our turnover is below 1 Crore, is TDS deduction not required? Please confirm
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 January 2025 No. Not required.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 January 2025 only if your turnover crosses the tax audit limit, you would be required to deduct TDS under 194J
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