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.
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