194 C

This query is : Resolved

SRINIVASA RAO P (Querist)
Follow

01 August 2020 A contractor has submitted two different bills for two works done in the office.
One bill dated 13.04.2019 for Rs. 19,650/- and another bill dated 04.05.2019 for Rs. 11,380/- .
No TDS was effected on those bills since they are within the limit.
Bills accounted in the books by crediting to the account of the Contractor on those dates.
Total amount payable is Rs. 31,030/-.
This amount was paid on 05.05.2019 in a single cheque .
Plz clarify whether TDS has to be effected at the time of payment since it has exceeded the limit of Rs. 30,000/-.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

01 August 2020 TDS has to be effected at the time of payment since it has exceeded the limit of Rs. 30,000/-.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

01 August 2020 TDS has to be effected at the time of payment since it has exceeded the limit of Rs. 30,000/-.

SRINIVASA RAO P

SRINIVASA RAO P (Querist)
Follow

01 August 2020 But Sir those are two different bills which were credited on different dates.
But payment was made in total in a single cheque for convenience.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

01 August 2020 Single payment exceeding 30000 attract TDS as per TDS provisions

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now