banner_ad

Amt on which tds to be deductd u/s 194c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 January 2014 sir/mam I hv made payment to a contractor 1st 20000 in 2nd quarter 2nd 36000 in 3rd quarter 3rd 30000 in 3rd quarter my question is that when 2nd paymdnt is made that exceed rs 35000 individualy , so tds is to be deducted on 36000 or on total payment till date. similary if 2nd payment is rs 34000 & 3rd payment is rs 30000 which exceed rs75000 in agreate , so on which amt tds is to be deducted on the amt which exceed 75000 or on total 84000.
Profile Image

Ashwani Narnoli

Profile Image

Ashwani Narnoli (Expert)
25 January 2014 This sec states that if payment is likely to exceed the limit then tds is to be deductedon whole amount. Therefore payment exceeds 75000 then tds is to be deducted on 86000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details