Who are liable to deduct Tds ?

i) Yes a Partnership firm being other than Individual and HUF, even if not liable for Audit under Income Tax Act,1961 will be liable for deduction of TDS under relevant sections.

ii) Yes even if an Individual is not liable for Audit under Income Tax Act,1961 still would be liable for deduction of Tax at source on purchase of Immovable property if the consideration for the same exceeds Rs. 50 Lakh u/s 194 IA of the Income Tax Act,1961.

Thank you.

Agree with Kalpesh

TDS PROVISION ARE APPLIED TO ALL COMPANIES WHETEHR IT IS UNDER TAX AUDIT LIMIT OR NOT.

In which of the following years will the Individual be liabile to deduct TDS

2015-16 - Tax Audit applicable

2016-17 - Tax Auidt not applicable

2017-18 - Tax Audit Applicable.

Thanks !!

Somebody please mention the exact section where it is specified, "Who is liable to deduct tds". I need the exact section and provision number

Which Provision of IT Act in particular??