25 March 2011
only if the turnover or professional receipt exceeds sum of60 lakh or15 lakh respectively in previous year, he is required to deduct tax at source.
I.e. If Tax Audit Applicable for Previous Year 10-11. TDS deduction required from PY 11-12.
In given case TDS deduction required u/s 194A @ 10 if threshold limit of5000/- p.a. is crossed.