Tds u/s 194c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2012
Pls inform,
as per 194C if single payment exceeds 30000/- or in aggregate 75000/- then tds is to be deduct,
so if at the year end i pass the jv of the bill received by me amounting Rs.36000/- i have to deduct tds?
Aggregate bill amount for the year is Rs.73000/-.
No other transactions are exceeding Rs.30000/- except last of Rs.36000/- as said above.
So pls inform whether i have to deduct tds on 36000/- only or i have to deduct tds on Rs. 73000/-
as per 194C if single payment exceeds 30000/- or in aggregate 75000/- then tds is to be deduct,
so if at the year end i pass the jv of the bill received by me amounting Rs.36000/- i have to deduct tds?
Aggregate bill amount for the year is Rs.73000/-.
No other transactions are exceeding Rs.30000/- except last of Rs.36000/- as said above.
So pls inform whether i have to deduct tds on 36000/- only or i have to deduct tds on Rs. 73000/-
CA NEERAJ K DIXIT
(Expert)
05 September 2012
in this case you have to deduct tds on Rs 36,000/- only.
Message likes :
2 times
SANYAM ARORA
(Expert)
05 September 2012
Yes you need to deduct Tds only on Rs 36000
Message likes :
1 times
CA Ayush Agarwal
(Expert)
06 September 2012
Agree With Above Replies.
Message likes :
1 times
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