Hello Sir , I have a query about TDS, if an Individual (who is not a proprietor or Director of any company or firm) can be deduct TDS while making payment to an Advocate for their Fee amount Rs.120000/-
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TDS applicability on Individual or on a such person who have not the TAN
Replies (2)
Quick Summary
If tax audit u/s 44AB is not applicable to you, then no need to deduct tax at source in this case.
Yes, Individuals not covered u/s 44ABhave an exemption on Sec.194J.
But sec.40A(3) -Applicable, payment must pay through the banking channel.
194I, 194A etc -These have not exemption also for Individuals not covered u/s 44AB.
But sec.40A(3) -Applicable, payment must pay through the banking channel.
194I, 194A etc -These have not exemption also for Individuals not covered u/s 44AB.
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