TDS 194 C (Applicability)
This query is : Open
M.Ashok kumar Reddy
(Querist)
03 March 2017
Sir I am an in Educational Institute we are receiving services from advertising company the quiry is we are paying quarterly Rs.26000 than it exceeds Rs.100000 In a year than tell me from which quarter TDS is applicable and if applicable what is the treatment of 1 quarter bill means whether we have to deduct TDS on 1 quarter also?
CA DHAVAL MISTRY
(Expert)
05 March 2017
If payment of expenses exceed the thereshold limit, TDs is required to be deducted on full amount. So you also have to deduct TDS on amount paid under quarter 1 also.
M.Ashok kumar Reddy
(Querist)
06 March 2017
thank u sir
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