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TDS DEDUCTION REQUIRMENT

This query is : Resolved 
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(Querist)
24 September 2019 My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,

Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
04 June 2020 I think you need to deduct TDS based on limits only.
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
04 June 2020 limits means TDS Deduction and applicable limits based on respective section for a single and yearly aggregate transactions.
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