tds deduction liablity in case of Individual

This query is : Resolved 

20 March 2009 What is the condition when an Individual (Prop. firm) is liable to deduct TDS on payment to any person?

20 March 2009 In cases where total sales or gross receipts from business do exceed Rs 40 lakh (Rs 10 lakh for professionals) during a financial year.

Visit http://economictimes.indiatimes.com/TDS_Ignorance_can_be_taxing/articleshow/1781013.cms




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