Sec.194c
This query is : Resolved
22 January 2015
i want to know about contractor payment. when payment aggregate is > 75000. then we r eligible to deduct tds . ok . but last payments done to contractors r not eligible to deduct tds. because of humm toh contractor ko payment karr chuke hai. ab woh kyun aane lgaa tds waapis karnee....?????
can u please sought out this problem of mine....
22 January 2015
Threshold limit for deduction of TDS u/s 194C is:
Single Bill - Rs 30000/-
Annual Total - Rs 75000/-
If you expect Annual total to cross Rs 75000/-, you can start deducting TDS from the beginning.
If the above limits are not crossed then TDS not required to be deducted.
Single Bill - Rs 30000/-
Annual Total - Rs 75000/-
If you expect Annual total to cross Rs 75000/-, you can start deducting TDS from the beginning.
If the above limits are not crossed then TDS not required to be deducted.
Rupesh Jain
(Expert)
22 January 2015
you have to deduct the tds whene you make payment or make credit in his a/c whichever is earlier.
the you have to deposit the tds.
the you have to deposit the tds.
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