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Tds (Individual)

This query is : Resolved 

28 March 2009 Sir,

Pls tell me are individuals/propreitor firms liable to deduct Tds.

28 March 2009 Yes,they have to. for details just go through section 192 to 194 of IT.

28 March 2009 Induvudual & Huf are exempted from TDS deduction if there books of account are not liable to Tax Audit u/s 44ab. Once they are liable for audit then they will have to dedcut the tax as per section 192 to 194,


28 March 2009 they are liable to deduct TDS if they are liable for audit u/s 44AB



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