Question ID : 44337

TDS Applicability U/S 44AD,44ADA,44ADE

Dear Sir, Please let me know whether it is compulsory to deduct TDS for Salary, payment to contractors, payment for professional fees, etc. under presumptive Taxation scheme U/s 44AD,44ADA,44ADE of Income Tax Act. Also please highlight whether there is any limit of turnover or gross receipts to comply these provisions.

Answer ID : 83565

Yes. It is applicable in presumptive taxation scheme also. Threshold of turnover for applicability of TDS is Rs. 1 Crore for turnover and Rs. 50 Lakh for gross receipt.

Answer ID : 83571

Yes, It is compulsory. The prescribed TO is INR 1 Cr or gross receipt is INR 50L.

---