TDS under sector 194C
This query is : Resolved
04 November 2008
I have paid cheque to my vendor of 40,000/- against the opening balance from the same vendor I have got some bill of processing charges which is less than 15000/-, is there any liability of TDS under section 194C.
Ram Avtar Singh
(Expert)
04 November 2008
yes, liability of TDS under section 194C. ither makeing payment in Advance or Bill credited to party.you are liable to pay TDs on Rs. 40000/=@2.06%
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