This discussion clarifies whether individuals must deduct Tax Deducted at Source (TDS) when paying contractors. The general guidance provided is that if an individual's accounts are not subject to audit, then TDS deduction is typically not required on such payments. This aims to simplify the process for individuals not undergoing formal audits.
Can Individual deduct any tds on the payment made to the contractor? Some body says the individual accounts are not to be audited , hence tds need not be deducted. Guide me sir.