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TDS u/s 194-c

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(Querist)
30 June 2010 Can any body please let me know the exact sub-section or
explanarion or
proviso
where it is written that if payment to contractor exceeds 50000 say 51000 then on the whole amount it is TDS to be deducted.
I believe it is to be deducted only on 1000 Rs so exceeds to 50000.
Please answer me with specific explanation only. otherwise pls do not entertain this question.
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Shudhanshu Agrawal

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Shudhanshu Agrawal (Expert)
30 June 2010 Go through Section 194C(1) and Section 194(5) properly. TDS is deducted on gross amount and not on amount in excess of 50,000.
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