20 January 2009
I just want to ask that u/s 194c If we get three bills which gross total is above 50000 /- but their seprate balance is not more than 20000 /- then TDS will be applicable on it or not.
Please reply me soon waiting for your valuable reply.
Please through some extra light on my this querry it will be grateful to me.
21 January 2009
Yes TDS is applicable 194C if a single bill more then Rs.20000/- or total Bills Amount excedding Rs.50000/- during the F.Y. which ever is early you have to deduct TDS & pay to Govt witing 7 days after end of month in which transaction made
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