Tds 194c
This query is : Resolved
Shailesh Kumar
(Querist)
09 January 2018
Sir
i credited 4 bill of contractor 7000/- + 8000 + 5000/- + 4000/-
Total of 24000/- payable
but i paid Rs. 31000/- by Cheque
then TDS deductable or not
i credited 4 bill of contractor 7000/- + 8000 + 5000/- + 4000/-
Total of 24000/- payable
but i paid Rs. 31000/- by Cheque
then TDS deductable or not
Shailesh Kumar
(Querist)
09 January 2018
Thank you sir
but my consultant suggest me to deduct tax because i crossed limit of 30000/- in single entry
but my consultant suggest me to deduct tax because i crossed limit of 30000/- in single entry
Renu Goyal
(Expert)
09 January 2018
Since you made single payment of Rs 31,000 i think you should deduct TDS because wordings of sec 194c says paid or credited.
09 January 2018
In my view since credit is less than Rs.30000 and then payment is made for Rs.31000, TDS is not applicable. But to be on the safe side there is no harm in deducting Tax.
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