Easy Office
LCI Learning

Tds on 194c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 February 2019 Hi,
Please clarify me on TDS to be deducted on transactions of 194C for the following case:
1.First transaction with a value of INR 19,000 dated 1.4.2018
2.Second transaction with a value of INR 50,000 dated 1.6.2018
Query:
Do we need to deduct TDS on both bills?
Profile Image

Adv. RAVINDRA KRISHNA

Profile Image

Adv. RAVINDRA KRISHNA (Expert)
26 February 2019 Are transactions single contract?
Profile Image

Poorna Chand Guditi

Profile Image

Poorna Chand Guditi (Querist)
26 February 2019 Let's assume both cases:
What if it is a single contract and if it is not single contract?



Profile Image

Adv. RAVINDRA KRISHNA

Profile Image

Adv. RAVINDRA KRISHNA (Expert)
26 February 2019 If amount paid or credited does not exceed Rs. 30,000 in a single payment and Rs. 1, 00,000 in aggregate during the financial year.
Profile Image

Poorna Chand Guditi

Profile Image

Poorna Chand Guditi (Querist)
26 February 2019 Please refer to my query by considering bill dates and Do i need to deduct TDS on both bills?
Profile Image

Udaya Chandran

Profile Image

Udaya Chandran (Expert)
27 February 2019 You need to deduct TDS on Rs.50000/- only till the total is within Rs.1,00,000/- in a year.
Profile Image

Poorna Chand Guditi

Profile Image

Poorna Chand Guditi (Querist)
27 February 2019 Thank you very much!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links