Tds u/s 194c

This query is : Resolved

NAGESH AMBADAS KANAKI (Querist)
Follow

26 December 2013 Our client has made payment one time to a contractor of Rs. 32000/- and TDS has been deducted on the same but afterwords made a payment 10000 and 15000. Now my question is whether to deduct tax on such payment of Rs 25000/- even if aggregate does not exceeds 75000/-? Is there any case law in this regards?

Guest

Guest (Expert)

26 December 2013 NO.YOU NEED NOT TO DEDUCT TDS FOR THE SAME.JUST GIVE THE SIMPLE JUSTIFICATION IF REQUIRED THAT AT THE TIME OF FIRST PAYMENT IT IS EXPECTED TO CROSS THE LIMIT OF RS75000 BUT NOW IT IS CLEAR SO WE HAVE NOT DEDUCTED THE SAME.

CA Pallav Singhania

CA Pallav Singhania (Expert)
Follow

26 December 2013 Agree as the threshold limit hasn't cross, no need to deduct TDS for the same...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAYANK

CA.Pinank Arvindbhai Shah

prakash takane

Vijay Singh

ashok jain

Subscribe Now

Tds u/s 194c

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive

Accountant