Exemption u/s 194c is for single contract or for all contrac
This query is : Resolved
24 June 2016
Can any one tell me exemption of TDS u/s194C, which is Rs. 1 lakh annually and Rs. 30000/- per payment is for a single contractor or sum of all contracts done with more than one contractor. Let spouse We have 3 contractors and each one has contract for Rs. 50 thousand. In this case we have to deduct TDS or not u/s 194 C. Please tell me same thing regarding TDS u/s 194I
24 June 2016
The limit is applicable for a single contractor.
24 June 2016
Thanks Sir. Is exemption of Rs 180000/- u/s 194 I(B) is applied on single party?
24 June 2016
If rent bill has Rent on machinery amount Rs.100 and labour/freight Rs. 10. Then on which amount TDS is deducted (100 or 110)?
24 June 2016
Yes it has to be applied on single party.
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24 June 2016
TDS applicable on 110.
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