28 November 2007
If individual/HUF is covered under tax audit & if it is not their first tax audit & the agreegate payment exceeds Rs 120000 then TDS is required to be made.
30 November 2007
01. As regards applicability of section 194I in case of deduction of taxes by HUF/Individual, 2nd proviso to the section is very much clear and acordingly if the gross receipt or turnover of the such assessees from business or profession was in exces of the pescribed limit during immediately preceding year, such HUF/Individual are liable u/s. 194I.