Hi,
I has a question reg TDS u/s 194J. The following page (https://www.charteredclub.com/section-194j/) says that :
TDS is liable to be deducted by all class of persons except Individuals and HUF. However, if such Individual/HUF is liable to get his tax audit conducted under Section 44AB for the previous financial year, this exception won’t be applicable and they would also be required to deduct TDS under Section 194J.
What does Individual mean here ? If a person is not a registered company and he / she is getting more than 30K, should TDS be deducted ?
Menu
Clarification of tds u/s 194j
Replies (2)
The deductor being individual and not liable for tax audit is not required to deduct tax at source while making the payment. But for the recipient even though tax is not deducted at source, such income is taxable. Hope this is clear.
Perfect, thanks !
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
