Tds under section 194c

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sunil jagatha (Querist)
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05 February 2018 In Last month we deducted TDS U/s 194C because his bill amount exceeds Rs.30,000 and in current month we received bill amount of Rs.10,000 but his aggregate of all bills not exceeding Rs.1,00,000. in current month. Shall I deduct TDS for current month?

Udaya Chandran

Udaya Chandran (Expert)
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05 February 2018 TDS is not required if the aggregate amount does not exceed Rs.100000 p.a. but any single bill Rs.30000/- deduct TDS. Also make sure that you don't make or credit any amount exceeding Rs.30000/- in single shot.

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RAJA P M

RAJA P M (Expert)
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05 February 2018 You will deduct whole amount...

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