TDS on 194C threshold
This query is : Resolved
31 August 2024
if I pay to DHL 1,20,000/- including GST of 35,000/- should I deduct TDS though taxable amount didn't exceed the 1lakh limit?
31 August 2024
You need to deduct TDS (u/s. 194C IT act) as the Single payment limit of Rs. 30K has exceeded.
31 August 2024
No sir, it is not a single payment but aggregate total of FY.
31 August 2024
TDS shall be deducted u/s 194C in the following cases:
Particulars Amount
Single payment of a contract Exceeds Rs. 30,000
Aggregate payment of a contract Exceeds Rs. 1,00,000
Check if you do not exceed any limit .... (GST when specified separately, is not included)
Particulars Amount
Single payment of a contract Exceeds Rs. 30,000
Aggregate payment of a contract Exceeds Rs. 1,00,000
Check if you do not exceed any limit .... (GST when specified separately, is not included)
01 September 2024
Suppose aggregate taxable amount is 95,000 and GST is 14000 total amount will be 100900. Should I deduct TDS in this case
01 September 2024
If GST is separately added, then no TDS liability.
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