Tds application

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This discussion clarifies whether Tax Deducted at Source (TDS) applies to a single cheque payment of Rs 10 lakhs made for construction work to a contractor. Yes, TDS is applicable under Section 194C of the Income Tax Act. Further details regarding the specific threshold limit for this section would be needed for a complete understanding.

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online

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online (Querist)
10 December 2024 If we made payment of rs 10 lakhs in single cheque for construction in trust then tds is applicable or not? if applicable then under which section and what is the threshold limit for the same?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 December 2024 Whom the payment is made? Whether contractor?
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Suresh S. Tejwani online

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Suresh S. Tejwani online (Querist)
10 December 2024 YESS THE SAME IS TO THE CONTRACTOR
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 December 2024 Yes, under sec. 194C IT act.
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