TDS on Job Work
This query is : Resolved
Mithun Sharma
(Querist)
18 June 2010
Sir please tell me how much does TDS take on job work please give me full detail of job work
Ismain kitna price tak lagta hai or kitne tak nahi
Ismain kitna price tak lagta hai or kitne tak nahi
CMA Ramesh Krishnan
(Expert)
18 June 2010
Job work attract TDS u/.s.194C
18 June 2010
Tds will be deducted u/s 194 C.
FOr a single bill 20000 limit ( from 1st July it is 30000) .
However,if aggregate payment to a contractor during the year exceedRs.50,000 (Rs.75,000 w.e.f 1tst July,2010),then tax will be required to be deducted, evenwhere individual transaction is less than the threshold of Rs. 20,000 (Rs. 30,000 w.e.f. 1st July, 2010).
FOr a single bill 20000 limit ( from 1st July it is 30000) .
However,if aggregate payment to a contractor during the year exceedRs.50,000 (Rs.75,000 w.e.f 1tst July,2010),then tax will be required to be deducted, evenwhere individual transaction is less than the threshold of Rs. 20,000 (Rs. 30,000 w.e.f. 1st July, 2010).
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