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TDS on 194C threshold

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(Querist)
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?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
31 August 2024 You need to deduct TDS (u/s. 194C IT act) as the Single payment limit of Rs. 30K has exceeded.
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Mahesh S M

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Mahesh S M (Querist)
31 August 2024 No sir, it is not a single payment but aggregate total of FY.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
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)
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Mahesh S M

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Mahesh S M (Querist)
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
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 September 2024 If GST is separately added, then no TDS liability.
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