Hello
I have one doubt about TDS Contract 194 C , 1,00,000/- paid to vendor or supplier (only one transaction ) TDS applicable or not. If not applicable why ?
Thanks & Regards
Raji
Hello
I have one doubt about TDS Contract 194 C , 1,00,000/- paid to vendor or supplier (only one transaction ) TDS applicable or not. If not applicable why ?
Thanks & Regards
Raji
Applicable if exceeds Rs. 75,000/-
It is applicable
Applicable Rajya. Chech Sec 194C u ll get ur answer urself
TDS applicable, it will calculated on payment basis.
You should see the nature of transaction whether payment has made for any sevices or any purchase of kind
tds is applicable
ya it's applicable
aggregating is 75000 in a previous year.
Dear Raji
Before you should see the nature of transaction whether payment has made for any sevices or any purchase of kind then if One Transactiion have above Rs. 75000/- then Tds Is applicable u/s Section 194C.
Thanks
Tds is applicable .
in this case TDS Applicable ,if the nature of payment covered under 194C.
Yes, TDS U/s 194C is attract here as the payment is exceeds limit (i.e. 75000/-).
for single transaction to one party,deduct tds if it exceeds 30000, more than one transaction in a financial year to same party then deduct tds if it exceeds 75000, eventhough individual transactions not exceed 30000.
here single transaction in a f.y amount exceeds 30000, so tds deductable @ 1% in case of individual or huf, in case of firm tds deductable @ 2%,
Yes Sec 194C is Applicable,Payment made to contractor/sub contractor.
REASON....
Applicable if single payment is Rs,30000.Aggregate payment is Rs 75000,or exceed...
So as per your question.apply...
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