Individuals are not required to deduct tax.Right?


Wrong ! Even Individual and HUF are supposed to deduct tax at source from payment SalaryInterests sub-contractorCommission or BrokerageRentProfessional Fees or Technical FeesIf 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…

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