07 October 2013
An Individuals or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.
07 October 2013
Generally not, Only if the assessee carrying on Business/Profession and its accounts been Audited U/S 44AB {Tax Audit} in the immediately in the preceding year..