Tds

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25 May 2015 For office lift maintenance purpose payment made to XX Ltd worth Rs 30000 attracts tds under 94C or not ???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 May 2015 Section 194C attracted but TDS required to be deducted when threshold limit is crossed.

Threshold limit u/s 194C:

Single Bill/Payment Rs 30000/-

Annual Total Rs 75000/- p.a.

So if you are making payment of exactly Rs 30000/- and the total annual transaction is not expected to crossed Rs 75000/- then there is no requirement to deduct TDS.