25 November 2018
Whether the payer is required to deduct TDS on payments made to other persons will depend on the status of the payer. If he is an individual, then he is required to deduct TDS only if his turnover in the preceding previous year exceeded the limit prescribed in Section 44AB. In case of firm or company, it is mandatory to deduct TDS.
If the payee (recipient) is a transporter then TDS is required to be deducted if the transporter owns ten or less goods carriages at any time during the previous year and furnishes a declaration to that effect along with his Permanent Account Number.
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