Tds

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Querist : Anonymous (Querist)
22 August 2013 Does an individual or Huf asseessee, is
liable for deduction of TDS under any section
of income Tax.


22 August 2013 Yes Individuals and HUF are also required to deduct TDS. However in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs. 100 lakh or Rs. 25 lakh respectively in previous year (Tax Audit Limit), he is required to deduct tax at source.


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