What are the entities exempt from dedution of TDS u/s 194J.
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 12 December 2012
A proprietery concern & an HUF provided that they are not liable for tax audit u/s 44AB of the I-T Act. Also if teh payment does not exceeds Rs 30k during the year then no TDS is required to be made by corporates & p'ship firms.
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