Tds u/s 194c
This query is : Resolved
14 October 2011
A COMPANY HAS AWARDED A MAINTENANCE CONTRACT WHICH IS COVERED U/S 194C FOR 20 MONTHS @ 6000/- PER MONTH OF TOTAL VALUE Rs 1,20,000/-. CONTRACT STARTS FROM 1st APRIL 2011 AND ENDS ON 30th NOVEMBER, 2012. THE CONTRACTEE IS AN INDIVIDUAL.
IS TDS TO BE DEDUCTED u/s 194C?
IS TDS TO BE DEDUCTED u/s 194C?
14 October 2011
No tds needs to be deducted as the cumulative payment during any of the year doesn not exceed Rs75,000/-
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