Tds under 194 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2017
If a bill of rs .30000 has been raised and another bill of rs. 40000 , then should we deduct tds under sec. 194 C on both i.e rs. 70000 or only on 40000 . According to me only on rs. 40000 please clarify ??
02 January 2017
If its a transaction which falls u/s 194C, then TDS should b deducted on 40K bill. As the annual limit under that section is 1 L in the current financial year hence U must deduct TDS on that bill only.
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