Tds deduction

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prince (Querist)
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15 December 2014 Dear Experts

many vouchers have been booked in respect of wheat lifting Charges from mandi to godown thru different tractors worth Rs. 18000 to 20000 each voucher. is TDS deducted on such tranasctions? if yes then which section attracts?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 December 2014 if total amount in a year exceeds rs 75,000 in a year then tds applicable u/s 194C

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 December 2014 If total payment to a single person for one year exceeds Rs 75000 TDS to be made u/s 194C.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 December 2014 Agree with SEETHARAMAN Ji. If the total payment to a single person exceeds Rs 75000/- during the concerned financial year then TDS required to be deducted u/s 194C.

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Rupesh Jain

Rupesh Jain (Expert)
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15 December 2014 if you make total payment to one person exceeds rs/.75000/- the tds deducted u/s 194C. your can done through transporter having PAN then no tds required.

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