TDS U/s. 194C

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M H Laskar (Querist)
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11 August 2009 Dear Sir,
I am in confusion with the Sec. 194C where TDS Applicable to the amount exceeds 20,000/- & 50,000/-. Kindly clear the same to my mail ID :
mhlaskar@gmail.com
Thankx & Regards,

Shyam Lal Naik

Shyam Lal Naik (Expert)
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11 August 2009 If value of the contract exceeds or likely to exceed Rs. 20000/-, TDS is applicable.

In case, the amount of indivisual contract with a contractor/sub contractor does not exceed Rs. 20,000/-, but the cumulative amount exceeds Rs. 50,000/-, than also TDS is applicable.

Both the limits are alternative.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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11 August 2009 agree with Mr. Shyam

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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11 August 2009 Agree with expert

Ankur Garg

Ankur Garg (Expert)
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11 August 2009 I also Agree.

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