Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 pls tell me as per sec-194c
if on one bill of Rs. 25000/- tds not deducted because it is not required but on next bill of Rs. 35000/- also tds not deducted then on how much amt tds is to be deducted now on 60000 or only 35000 .

and if in Case-II
instead of 25000 there is 32000 then on how much amt tds is to be deducted.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2014 In first case on Rs 35000/- (Since single bill limit of Rs 30000/- crossed but not Annual limit of Rs 75000/- p.a.)

in 2nd case on both Rs 32000/- and Rs 35000/- TDS to be deducted.

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