As per existing provisions of 194J and 194C, individual & HUF are not required to deduct TDS if:
Payment made exclusively for personal purposes
Payment made for other than personal purpose but individual & HUF are not required to get their accounts audited.
TDS will be deducted if aggregate amount of payment for some specified transactions defined under this section exceed Rs. 50 lakh.
Which are the specified payments covered under this section?
Following are the specified payments which are covered under this section:
Payment (not covered u/s 194C) made to a resident contractor
Payment (not covered u/s 194J) made to a resident professional
Payment (not covered u/s 194H) made to a resident individual by way of commission.
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