Tds under section 194c
This query is : Resolved
PULKESH GUPTA
(Querist)
02 June 2016
In case of Contract 194c if there is bill of Rs. 48500 then deduct TDS. after this same party give another bill of Rs. 5420, then there is any requirement of deduct TDS or not because in first case bill amount exceed Rs. 30000/- but aggregate of bill amount is less than 75000/- then my query is that whether tds applicable on Rs. 5420 or not
CA Mithil Munot
(Expert)
02 June 2016
TDS is not applicable on 5420
Rupesh Jain
(Expert)
02 June 2016
no tds not deducted till total amount not cross the threshold limit. now at Rs. 100000/-
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