Tds on payment to contractor

DJ (Proprietor) (63 Points)

09 February 2014  

Hello Experts,

 

I am a proprietor. I make payments - usually exceeding 1 lac - to freelance contractors. My turnover hasn't exceeded 1 cr in past 2 financial years. Therefore, my understanding is that I am not to be tax audited. My query is: am I required to deduct tax at source when making payments to the said freelance contractors?

 

Please advise.

 

Thanks for your help.