tds deduction for first time tax audit

Under which section of the Income-Tax Act is there an exemption for a new case of Tax Audit (Who has previously never been subject to tax audit) ? Is it applicable to an HUF and an individual? Under Section 44AB, there is mention of a previous year, but in the first year of applicability there is no previous year of tax audit, so please do clarify this point. It is rather urgent, thanks in advnce.
Replies (6)

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.

Sir .I have a doubt about ...if my books are audited under due to sec 44 AD then should I required to deduct tds ??

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?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details