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TDS

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This discussion concerns the applicability of TDS (Tax Deducted at Source) on a one-time service of 2D motion graphic video creation by a proprietorship firm. The bill amount is £31,860 including GST. While 1% TDS under Section 194C is mentioned, it's argued that TDS may not be required as the contract value, excluding GST, does not exceed £30,000.

harshit bhardwaj

harshit bhardwaj (Querist)
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07 October 2020 Is tds applicable on 2D motion graphic video making from proprietorship firm and bill amounting 27000+18% gst = 31860/- only one time service in a year.

kindly suggest in which head and what % tds is deduct or not.

thanking you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 October 2020 1% TDS applicable under section 194c.

PARAS CHHAJED

PARAS CHHAJED

(Expert)
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08 October 2020 Since it was a solitary transaction and the value of the contract did not exceed Rs.30,000 excluding GST in my opinion TDS u/s 194C is not required.

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