Different Bills and Payment to Contractors
This query is : Resolved
09 June 2023
Dear Sir,
As we all know that Limit for TDS u/s 194-C for payment to contractors is Rs.30000/- single payment and Rs.100000/- aggregate. Now my query is suppose the contractor has given different payment aggregate to 80000/- ( 25000+25000+25000+5000) on 4 different dates in same financial year and the same got credited on that respective bill date in books during that particular financial year say FY 2022-23. Now suppose payment of Rs.80000/- is made through single cheque then liability of TDS u/s 194-C arises or not ? No other bills during FY 2022-23.
Experts please answer.
As we all know that Limit for TDS u/s 194-C for payment to contractors is Rs.30000/- single payment and Rs.100000/- aggregate. Now my query is suppose the contractor has given different payment aggregate to 80000/- ( 25000+25000+25000+5000) on 4 different dates in same financial year and the same got credited on that respective bill date in books during that particular financial year say FY 2022-23. Now suppose payment of Rs.80000/- is made through single cheque then liability of TDS u/s 194-C arises or not ? No other bills during FY 2022-23.
Experts please answer.
09 June 2023
Not liable.
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