194 C
This query is : Resolved
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/-.
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/-.
01 August 2020
TDS has to be effected at the time of payment since it has exceeded the limit of Rs. 30,000/-.
01 August 2020
TDS has to be effected at the time of payment since it has exceeded the limit of Rs. 30,000/-.
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.
But payment was made in total in a single cheque for convenience.
01 August 2020
Single payment exceeding 30000 attract TDS as per TDS provisions
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