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Sec.194c

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(Querist)
14 July 2014 what type of contract include in 194c&whether tds is requried to be deducted in case of repair.
. if i pay the amount of rs 1000 &
estimated that amount exceeds the 75000 in that year .can i deduct tds. please explain with example
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Sandeep Dharar

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Sandeep Dharar (Expert)
14 July 2014 Yes if u have estimated that ur amount exceeds the maximum limit then u can deduct TDS.

But in case ur limit doesn't exceeds the maximum limit then u must refund the amount or deposit to govt. a/c .

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