14 September 2012
u/s 194c if the single payment exceeds Rs.30,000/- TDS should be made and in a year if the aggregate payment exceeds Rs.75,000/- TDS should be made..
But if a single payment of 35,000 was made and TDS deducted....subsequently another 10000 was paid to the same party... whether it attracts TDS or not??
19 September 2012
the limit of Rs.30000/- single payment is to avoid deduction in petty cases. when a contractor enter into a single transation more than above limit, he becomes a major. and should make tds from all his payments
CAclubindia
