TDS


This query is : Resolved 

Quick Summary
This discussion clarifies whether individuals or HUFs are liable to deduct TDS on payments made for professional services used for personal purposes. Generally, no TDS is required. However, Section 194M mandates TDS deduction if the total payments made to a resident contractor exceed Rs. 50 lakh in a financial year.

24 April 2020 Is individual/ HUF liable to deduct TDS on payment for professional fees for personal purposes?

RAJA P M (Expert)
24 April 2020 No need...

25 April 2020 Liable under Section 194M in case amount paid exceeds Rs. 50lacs in a year.


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