Section 194c

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2014 under contractor a bill of Rs. 35000/- received and deducted tds @1% (individual) and paid. Another transactions with same contractor received Rs. 8000 and Rs. 6000/- respectively in following months. Query is
1. Do we need to deduct TDS on these two above transactions or not.
2. Total transaction with this contractor is not exceeded Rs. 75000/- during the year.
Please let me know the solution tho this transaction.
Thanks in advance.

02 May 2014 No need to deduct TDS on that bills.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 May 2014 Thank you Mr. Sandeep Dharar

02 May 2014 Ur welcome. Convey thanks by pressing thanks button.


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