Applicability of TDS Provision under Income Tax Act, 1961.

The TDS provision is only applicable in Current Year (Say F.Y. 2012-13) only if Turnover/Total Receipts of the Individual/HUF exceeded the monetary limit for audit u/s 44AB viz. Rs. 60,00,000 (Rupees Sixty Lakhs) in preceding year (F.Y.2011-12) .

Merely the audit under the provisions of the section 44 AD in the last year does not make assessee liable to deduct TDS in current year.