TDS- U/s 194M

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SYAMKUMAR.S (Querist)
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28 December 2019 Respected Experts,
My query is regarding us 194M , as per my knowledge a taxable person (individual) not required to deduct TDS on his personal transactions . For instance a taxable person who has TAN and books are get audited us 44AB is made a payment of Rs. 55 Lakhs for his daughter's marriage with out TDS , in this Situation 194M is applicable to him or Not

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 December 2019 Yes 194M applicable in this case.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 December 2019 Applies, only if the accounts for the immediately preceding previous year is NOT
audited u/s 44AB(a)/(b).

SYAMKUMAR.S

SYAMKUMAR.S (Querist)
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16 January 2020 Respected Seetharaman and Warrier sirs, Thanks for all the replies, So if a persons books were audited us 44AB in fy 2018-19 and he paid Rs. 55 Lakhs as his personal expenses under contract in fy 2019-20 no TDS is deducted us 194M

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