Tds on contract u/s 194c

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Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2014 if i have paid a payment to contract rs.50000 in April month and 2nd payment rs. 50000 in December month, then TDS should be deducted on which amount and when? as per aggregate limit of rs.75000/- u/s 194C
and any interest will be paid ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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11 January 2014 TDS u/s 194C is required to be deducted if individual bill/payment exceeds Rs. 30,000 or aggregate of bills/payments exceeds Rs. 75,000

In this case since single payment exceeds Rs. 30,000 TDS is required to be deducted on payment of Rs. 50,000 in April and also on payment of Rs. 50,000 in December.

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Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2014 sir but in april if payment is made in amount Rs. 15000 & 15000 than ?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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27 July 2025 https://docs.google.com/document/d/1MTA1znMx7jiV6c12a9Ui0l7Aya6FjAXxp8jmX92XFsE/edit?usp=sharing

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