28 December 2019
Respected Experts, My query is regarding us 194M , as per my knowledge a taxable person (individual) not required to deduct TDS on his personal transactions . For instance a taxable person who has TAN and books are get audited us 44AB is made a payment of Rs. 55 Lakhs for his daughter's marriage with out TDS , in this Situation 194M is applicable to him or Not
16 January 2020
Respected Seetharaman and Warrier sirs, Thanks for all the replies, So if a persons books were audited us 44AB in fy 2018-19 and he paid Rs. 55 Lakhs as his personal expenses under contract in fy 2019-20 no TDS is deducted us 194M
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