Section 194c
Querist : Anonymous
if single bill exceeds 30,000 or total credits to party during financial year exceeds 75000
No tds if it is not exceeds threshold limit as given above
HOW EVER IN CASE OF BILL CONSISTING CHARGES FOR WORK AND VALUE OF MATERIAL USED,
Please refer 194C subsection 3
(i) on the invoice value excluding the value of material, if such value is mentioned separately in the invoice; or
(ii) on the whole of the invoice value, if the value of material is not mentioned separately in the invoice.
Value of Material as separately mentioned in the bill is to be deducted from that total bill amount
Querist : Anonymous
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