TDS U/s. 194C
This query is : Resolved
M H Laskar
(Querist)
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,
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
(Expert)
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.
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.
11 August 2009
agree with Mr. Shyam
CA Suresh Choudhary
(Expert)
11 August 2009
Agree with expert
Ankur Garg
(Expert)
11 August 2009
I also Agree.
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