Tds under sec. 194c
This query is : Open
20 June 2014
PLEASE TELL ME WHETHER TDS IS DEDUCTIBLE WHEN THERE ARE TWO TRANSACTIONS OF RS. 28000 IN A SINGLE DAY AND PAYMENT OF THE SAME IS ALSO DONE ON A SINGLE DAY WITH A SINGLE CHEQUE BUT ENTRIES BIFURCATED INTO TWO TRANSACTIONS.. THANX.
20 June 2014
Under 194C TDS to be deducted only if any one of the following condition satisfy
a) Single bill exceeds Rs.30000
or
b) Multiple transactions exceeds Rs.75000 per year
a) Single bill exceeds Rs.30000
or
b) Multiple transactions exceeds Rs.75000 per year
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