Assesee is an individual and was having below 1 cr turnover in last financial year. this current year assesee has exceeded its turn over limit more than 2 cr in first quarter itself. He is also making payment to contractor for jobwork, payment for salary, commission. whether TDS u/s 194C 194H, 192 is applicable to assesee? whether he is require to deduct TDS?
As per section 192C, TDS is applicable only if assesee having tax audit in last financial year and 194H has prescribed the turnover limit.
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