Tds us 194c threshold limit

Suresh Miglani (5 Points)

19 July 2016  

Dear Friends,

Need a clarification on TDS threshold us 194C.

Annual limit is 100,000/- for non deduction of TDS & 30,000/- is for single invoice.

What if deductee present first invoice of >30,000/- and next invoice of <30,000/- whould the 2nd invoice will be eligible to deduct TDS, coz deducter has started deducting TDS so he must deduct for all further upcomming invoice. So here are some points required clarification.

If first invoice is >30,000/- even after this threshold of 100,000/- is applicable till limit is not crossed or after ward threshold of 1L is forfieted.

Thanks in advance.