TDS u/s 194C
This query is : Resolved
CA Keyur Shah
(Querist)
31 May 2009
HI,
There are 2 bills of Rs.18000 each for service contract.. The payment is made to party of Rs. 36000.
Whether TDS is to be deducted while making payments to the party??
There are 2 bills of Rs.18000 each for service contract.. The payment is made to party of Rs. 36000.
Whether TDS is to be deducted while making payments to the party??
CA.BHARAT BHUSHAN
(Expert)
31 May 2009
No, in case of running contract if Total Amount is less than Rs.50000/- then no TDS will be deducted
CA Nitin Wadhwani
(Expert)
05 June 2009
Since single payment exceeds 20,000/-, tax needs to be deducted.
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