Wrong !
Even Individual and HUF are supposed to deduct tax at source from payment
- Salary
- Interests
- sub-contractor
- Commission or Brokerage
- Rent
- Professional Fees or Technical Fees
If Individual or HUF carries business and gross turnover exceeds Rs, 40,00,000 or
in case of professional income , receipts exceeds Rs 10,00,000.
Point to note is that preceding Financial Year’s Turnover or Professional Fees is taken for determining the applicability of TDS provision in this case.
