Tds 194 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2014
If I booked bill for a contractor for the year 20013-14 for Rs.27000/-, for Rs10000 and Rs20000/- and I pay the amount through cash during the year was Rs.15000/-, Rs5000/-, Rs19000/-, Rs.11000/- and Rs.7000/- That is bill credited Rs.57000/- i.e. less than Rs.75000/- in a year and Less than Rs30000 in a single credit amount. Payment through Cash Rs.57000/- but all the payment is less than Rs.20000/-. My question is:- Is there any neceessary to deduct TDS u/s 194 C ??
26 June 2014
TDS not required to be deducted since threshold limit is not crossed.
27 June 2014
if billing limit is not cross then no required of deduction of TDS
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