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TDS on Job Work in case of Prop. concern

This query is : Resolved 
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(Querist)
22 May 2023 Respected Experts,

We are manufacturer Prop. concern and started business in f.y. 2021-22 with turnover around 15.50 Lacs. But in f.y. 2022-23, we have achieved a turnover around 2.54 Cr. Also we get done Job work from a vendor around 1.50 Lacs in F.Y. 2022-23. Should we deduct Tax on Job Work charges or we are exempt to deduct tax as our previous year turnover is below Tax Audit.

Kindly advise.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 May 2023 Correct, no need to deduct TDS in FY 2022-23. TDS liability starts from FY 2023-24.
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