About TDS
This query is : Resolved
Mukund Patel
(Querist)
11 September 2009
Hello sir,
If any payment to contractor is exact Rs. 20000 but in whole year does not exceed Rs. 50000 than it is related to TDS?
Thanks in advance
If any payment to contractor is exact Rs. 20000 but in whole year does not exceed Rs. 50000 than it is related to TDS?
Thanks in advance
venkat reddy gopidi
(Expert)
11 September 2009
under section 194c,where payments made to contractors or sub contractors, TDS is not required to deduct if a single payment does not exceed Rs 20,000 to a single party at any time during the year 0r in case all the payments made to a single party put together during the year below Rs 50,000/-.
CA CHINTAN AJMERA
(Expert)
11 September 2009
Not require.
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