TDS under section 194C regarding Rs.30000 and Rs.100000 limit


This query is : Resolved 

Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) under Section 194C concerning payment limits. The key question is whether the TDS threshold of Rs 30,000 per single payment or Rs 1,00,000 in aggregate applies. The consensus reached is that the limits are assessed cumulatively, meaning if the total payments exceed Rs 1,00,000, TDS will be applicable on the entire amount, not just individual transactions exceeding Rs 30,000.

30 May 2023
Transactions Taxable Amount
Transaction 1 45,000
Transaction 2 10,000
Transaction 3 10,000
Transaction 4 10,000

Is TDS u/s 194C applicable on 45000/- only or entire 75000/-?

30 May 2023 Entire Rs. 75,000/-

30 May 2023 It's 45,000 only as total amount not exceed 1 lac


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