tds deduction for first time tax audit

An Individuals or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.

A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore applicable form A.y 2013-14 in case of a business, or Rs. 50 lacs from Assessment year 2017-18 in case of a profession.

https://www.caclubindia.com/experts/tds-provision-exemption-1467204.asp

https://www.caclubindia.com/forum/tds-deduction-during-the-first-year-of-tax-audit-in-case-of-an-individual-368066.asp

i am professional and i have paid rs 2 Lcks Rent of shop i have in first time audit my professional income is 40 lacs i have paid the tds or cut tds on rent pl give me reply

Sorry to declare that I do not follow any thread, and hence missed the following query.

Well, if you are individual assessee, and having professional turnover of 40 lakhs, not liable for audit u/s. 44AB(b), as total receipts do not cross 50 lakhs, as such no TDS liability.

Even if audited u/s. 44 AB(d), the TDS liability do not arise for following year.

What's your total turnover in preceeding year?

If below 1 Cr. No TDS deduction liability for sec. 194C, 194J, 194I etc.....

Sir,

I am a partner in firm. Turnover is less than 2crore(AY19-20), Paying rent 2 lac. whether I need to deduct tds?