Tds u/s 194c
This query is : Resolved
13 March 2013
Dear Sir,
Kindly confirm TDS u/s 194C needs to be deducted when payment exceeds Rs.75,000/- during the financial year 2012-13.
Regards
Kindly confirm TDS u/s 194C needs to be deducted when payment exceeds Rs.75,000/- during the financial year 2012-13.
Regards
13 March 2013
Section 194C
Threshold limit
Single Bill Rs 30000/-
Annual transaction Rs 75000/- p.a.
If single bill is less than Rs 30000/- and payment during the year exceeds Rs 75000/- TDS needs to be deducted on the whole amount.
Threshold limit
Single Bill Rs 30000/-
Annual transaction Rs 75000/- p.a.
If single bill is less than Rs 30000/- and payment during the year exceeds Rs 75000/- TDS needs to be deducted on the whole amount.
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