194 c

TDS 1224 views 29 replies

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

Replies (29)

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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