Is an Audit required if TDS is deducted under 194JB?

If your turnover as a software freelancer falls between £1.5 to £2 crore and TDS was deducted under section 194JB, an audit is likely required. This is because your income is considered professional, exceeding the £50 lakh threshold for mandatory audits, and therefore, presumptive taxation under sections 44AD or 44ADA is not applicable. To maximise tax benefits, consider claiming depreciation on business assets and deducting rent for your workspace. Ensure you have GST registration as your turnover exceeds the £20 lakh threshold.