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Tds liability applicability

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(Querist)
20 April 2018 Dear Sir

When TDS liability is applicable on propritorship business.Means if turnover of propriertorship business is Rs.40 Lacs per year and he is paying monthly office rent of Rs.56000/- per month and salary to a person Rs.49000/- pm. Is he liable to deduct TDS on payment of salary or rent.
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
20 April 2018 If you are not liable for tax audit u/s 44ab for last year you need not to deduct tds on rent , but for salary you have to deduct tax if taxable salary for FY exceeds threshold limit
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