Tds
This query is : Resolved
03 June 2016
their are two bills of 40000/ & 2000 .u/s 194c should tds deducted on both amount or only on 40000 as there is no other transaction .so limit of 75000 does not cross
CA Mithil Munot
(Expert)
03 June 2016
You have to deduct TDS on 40000/- and not on 2000/- under sec.194c
Message likes :
1 times
CA Rohit Jain
(Expert)
03 June 2016
if single payment exceeds 30000 then also tds needs to be deducted
Dhirajlal Rambhia
(Expert)
16 October 2021
Here, TDS to be deducted on both the bills.
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