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.
CAclubindia
