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Tds deduction liability
If proprietorship has turnover of rs 90,00,000 and paying Annual rent for his shop of Rs 9,00,000. He is covered under 44Ab(e). will he be liable to deduct tds
Replies (1)
I think for the purpose of TDS U/s 194I only individual / HUF who are liable for Tax audit U/s 44AB(a) or (b) are covered and hence Individual who is covered U/s 44AB(e) is not required to deduct TDS U/s 194I.
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