Amt on which tds to be deductd u/s 194c
This query is : Resolved
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- NRI starting business in India
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
