Tds on security services

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 In a Pvt.Ltd. Company there is a security at gate.
Company make monthly cash payment to the consultant of rs. 5800.

Is company liable to deduct TDS???

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 March 2014 it is not a consultant...at best be included as a contracted employee...no TDS should apply as long 194c limit is not crossed

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2014 Nikhil Sir

Bt I shown many companies they deduct TDS on payment,

In my case a company paid yearly 69,600
It is more than rs.30,000
Thts y I m confused

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 March 2014 the condition of 30000 is for a single payment...as long as each payment is less than Rs 30000 and overall payments in a year dont exceed Rs 75000, TDS is not be deducted.

Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2014 Than ok
Thank u somuch

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 March 2014 you are welcome friend....

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