Whether tds applicable or no

I have been in audit for the 1st time in A.Y 2016-17 as my turnover exceeds 1cr, whether tds will be applicable to me in A.Y 2017-18 if my turnover is less than 2cr.?
Replies (2)

An individual is exempted from deducting TDS under section 194A/C/H/I/J, if tax audit was not applicable during the F.Y. immediately preceding the F.Y. in which income is paid/credited.

Since tax audit was applicable to you during A.Y. 16-17, you should deduct TDS during A.Y. 17-18 if the payment crosses the prescribed threshold under the aforesaid sections irrespective of your turnover in A.Y. 17-18.

Further, no such exemption criterion is available in case of section 192. TDS shall be deducted in any case, if the salary paid exceeds the basic exemption limit.

tds applicable

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