Tds on salary incomes

proprietor firm under section 44ad

paid to salary 300000 p.a. to person
who filed itr

we r liable to deduct tds

thanks in advance
Replies (3)
Quick Summary
This discussion clarifies TDS obligations for proprietor firms paying salaries. If your firm operates under Section 44AD and paid an individual £300,000 per annum in salary, you might need to deduct TDS. However, if the firm's turnover in the preceding year was below £1 crore, and considering standard deductions, a TDS liability may not arise.

What was turnover of the firm in preceding year?

Below 1 cr

TDS liability doesn't arise considering standard deduction.

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