Who is liable to deduct TDS ?

According to Income Tax Act,1961 TDS is required to be deducted before making any payments in cash or before issuing any cheque or any other electronic mode of payment by resident of India. It will be deduced at the time of such income to the account of the payee or to any account whether called suspense account or by any other name or at the time of payment of such income in cash or by the issued of a cheque or draft or by any other mode whichever is earlier.

 Where no tax is to be deducted at source or to be deducted at lower rate( section 197 and rules 28 & 28AA)

According to income tax provision there may  be a situation where assessee to whom the payment is payable is lower than taxable income during the financial year. Assessee need to make  a application to  his assessing officer if officer satisfied with term and condition than is a non deduction or lower deduction of tax at any lower rate.

Tax Audit Limit for Assessment year 2022-23

Threshold limits for e-way bills for Various State