Tds
This query is : Resolved
05 May 2014
A Hostel for handicapped children governed by RED CROSS SOCIETY WHERE food contractors are hired for each month, now my que. is If Monthly bill (OF FOOD)does not exceed 12000 then whether TDS is deductible monthly As per SEC.194C
05 May 2014
then what is the bill on p.a basis?
Nikhil Kaushik
(Expert)
05 May 2014
yes it is deductible (assuming that the contract is in excess of 6 months which will take the payment in excess of rs 75000 (after which TDS is compulsorily deducted under 194c)
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