TDS- U/s 194M
This query is : Resolved
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
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
28 December 2019
Yes 194M applicable in this case.
30 December 2019
Applies, only if the accounts for the immediately preceding previous year is NOT
audited u/s 44AB(a)/(b).
audited u/s 44AB(a)/(b).
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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