TAN-Proprietor
This query is : Resolved
Quick Summary
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
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
Dhirajlal Rambhia
(Expert)
30 January 2025
No. Not required.
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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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