Tds on individual
This query is : Resolved
13 March 2012
Dear All,
It this right If any Individual/HUF whose turnover isn't more than 60 Lac, no need to deduct TDS on his/her services.
Regards
It this right If any Individual/HUF whose turnover isn't more than 60 Lac, no need to deduct TDS on his/her services.
Regards
13 March 2012
I think it is the reverse. Individuals / HUF whose income is less than 60 Lacs need not deduct tax on payments made by them. However anyone making any payment to Individual/HUF might check the limits as prescribed seperately in different sections of TDS in the Act and if the limits exceeds, TDS has to be deducted mandatorily.
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