TDS Under section-194C
This query is : Resolved
11 June 2011
We paid to our Contractor excess payment in resepect supply of Material With Labour
Then We want to know it is liable to Deduct Tds U/S 194C on Excess payment.
Then We want to know it is liable to Deduct Tds U/S 194C on Excess payment.
11 June 2011
TDS has to be deducted on the date of payment or credit which ever is earlier.
It seems like that -You have made him excess payment as you have not credited his account before making the payment.
Now, you have made him the payment. Which may be short or excess.
In this case you have to deduct TDS on the payment basis.
It seems like that -You have made him excess payment as you have not credited his account before making the payment.
Now, you have made him the payment. Which may be short or excess.
In this case you have to deduct TDS on the payment basis.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- TDS on TRUST
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
