Who can deduct tds?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2013 HI TO ALL CCI MEMBERS,

GREETINGS FOR THE DAY!

I HAVE ONE QUERY AN ABOUT TDS.
EX:I HAVE CONTRACT (OFFICE MAINTENANCE) WITH ONE INDIVIDUAL & MONTHLY PAYING RS,15000.
MY ANNUAL TURNOVER IS 2000000, HERE I CAN ELIGIBLE FOR TDS DEDUCTION?

THANKS IN ADVANCE

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
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21 March 2013 dear,

as per sec. 194C an individual is required to deduct TDS only if his turnover of the last year exceeds tax audit limit..

in your case if your last year turnover is below tax audit limit,, no liability to deduct TDS