Tds on payment to contractor

TDS 346 views 1 replies

Hello Experts,

 

I am a proprietor. I make payments - usually exceeding 1 lac - to freelance contractors. My turnover hasn't exceeded 1 cr in past 2 financial years. Therefore, my understanding is that I am not to be tax audited. My query is: am I required to deduct tax at source when making payments to the said freelance contractors?

 

Please advise.

 

Thanks for your help.

Replies (1)

If an individual or HUF is not liable to tax audit then they should not deduct tax at source, its in all provisions of TDS


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