Is tds required to be deducted?
This query is : Resolved
25 July 2013
Dear All,
Please Clarify where there are 4 Bills Say 5000,15000,15000,5000 And It is Covered Under Payment To Contractor u/s 94C.Now I make Payment Of Rs.40000 In One Shot.Now What's your take Please Support it with necessary reason.I am talking about how the limit of Rs.75000 would be checked here.
Thanks
Please Clarify where there are 4 Bills Say 5000,15000,15000,5000 And It is Covered Under Payment To Contractor u/s 94C.Now I make Payment Of Rs.40000 In One Shot.Now What's your take Please Support it with necessary reason.I am talking about how the limit of Rs.75000 would be checked here.
Thanks
25 July 2013
If you making payment for more then 30,000 then you need to deduct tds u/s 194C.
else if you make payment sep as billwise then no need to deduct tds.
else if you make payment sep as billwise then no need to deduct tds.
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