TDS deduction liability ?
This query is : Resolved
24 December 2025
If an assessee had got tax audit last year, turnover
A. Upto 1 crore
B. 1 to 2 crore
Showing net profit less than 8/6 percent in 44AD.
Is the assessee required to get TAN and deduct TDS?
A. Upto 1 crore
B. 1 to 2 crore
Showing net profit less than 8/6 percent in 44AD.
Is the assessee required to get TAN and deduct TDS?
25 December 2025
A. No.
B. Yes.
B. Yes.
25 December 2025
So what's the rationale behind it?
25 December 2025
TDS liability under the Income Tax Act arises for individuals and HUFs if their turnover or gross receipts in the preceding financial year exceeded ₹1 crore (business) or ₹50 lakh (profession). In such cases, they must deduct TDS on specified payments in the following year. For companies, firms, LLPs, and others, TDS liability applies irrespective of turnover.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Free lancer income
- GST ON DAMAGED GOODS
- Specified Profession
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
