TDS Sub-Cont
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2011
We engaged in Sub contractor during FY 11-12 and paid Rs.20000/- as advance in 2 instalments. now he submiited bill for 44000/- Whehter TDS U/S.194C to be deducted for the whole amt., since it is exceeding Rs.30000/- ceiling but no single payment exceed Rs.30000/-
kindly advise
kindly advise
25 May 2011
Yes TDS need to be deducted u/s 194C, as Limit of single bill is crossed.
Had there been two bills of below Rs 30000/- each TDS deduction was not required. But here the single bill exceeds rs 30000/- hence TDS need to be deducted.
Had there been two bills of below Rs 30000/- each TDS deduction was not required. But here the single bill exceeds rs 30000/- hence TDS need to be deducted.
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