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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.

Posted by KAMAL KISHORE VERMA on Aug 03, 2022

Filed Under TDS/TCS

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.

Posted by CA. chunauti dholakia on Aug 04, 2022
Answer ID : 83571

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

Posted by CA. JHA SHANKAR KUMAR on Aug 06, 2022