Limit of section 194c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2015
If a bill of Rs.31460.8 is received (Expense-28000+Service tax-3460.8) then tds to be deducted or not?????
CA AnKiT BoHrA (AB)
(Expert)
15 April 2015
yes tds should b deducted...because single payment wil cros 30000 limit
SUDHIR KUMAR JAIN
(Expert)
01 June 2015
No. As clarified by CBDT that TDS is not to be deducted on service tax portion of the bill. As the contract amount before service tax is below Rs. 30,000/- there is no liability of deduction of TDS U/s 194 C of the Act.
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