194c
This query is : Resolved
v.sudheer kumar
(Querist)
24 January 2014
If a expenditure which exceeds Rs 70000, in a year with a service provider,but there are no written or oral contract agreement b/w both the parties,then 194c attract or not?
AVTAR SINGH
(Expert)
24 January 2014
The limit is 75,000 per annum and 30000 for single payment. The amount credited or paid is seen. Contract is written or not, does not have any impact on TDS liability.
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