24 June 2016
Can any one tell me exemption of TDS u/s194C, which is Rs. 1 lakh annually and Rs. 30000/- per payment is for a single contractor or sum of all contracts done with more than one contractor. Let spouse We have 3 contractors and each one has contract for Rs. 50 thousand. In this case we have to deduct TDS or not u/s 194 C. Please tell me same thing regarding TDS u/s 194I