Tds u/s 194c
This query is : Resolved
Thamotharan S
(Querist)
27 December 2013
Dear Sir,
X&Co supplied some Computer accessories & stationery and maintaining our systems and printer...
He provides two invoices one for materials (more than 30000) and the other bill for service (Less then 30000)....
My question: Are both invoices attract TDS u/s 192C?
X&Co supplied some Computer accessories & stationery and maintaining our systems and printer...
He provides two invoices one for materials (more than 30000) and the other bill for service (Less then 30000)....
My question: Are both invoices attract TDS u/s 192C?
Ganeshbabu K
(Expert)
27 December 2013
No tds on purchase of material
.
.
on service bill TDS can be done if it exceeds threshold limit under 194C
.
.
Rs.30000 in a single payment or total credits to financial year exceeds 75000
.
.
so you have to deduct tds on 30000(on servic bill only)
.
.
on service bill TDS can be done if it exceeds threshold limit under 194C
.
.
Rs.30000 in a single payment or total credits to financial year exceeds 75000
.
.
so you have to deduct tds on 30000(on servic bill only)
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