194c payment to contracter tds

on entire 90000 agree

on 90000 .... :-)

Yes the law relating to TDS says this only that deduct tax on entire 90000 which makes TDS something Tedious.

on entire amount of Rs. 90000/-, start deducting from 2nd payment onwards.

on 90000 .

Originally posted by : arun kumar
	on 90000 .

Agree with all above....

TDS is to be deducted on whole amt i.e. 90000.00.

@ Rohit,

Section - 194C -TDS on Contract -TDS exemption as under

Criteria- 1. Bill booking / Payment  Rs.30,000/- per bill /payment (whichever is earlier)

OR 

Criteria -2. Rs.75000/- per year.

Section applied to any  one of Criteria No.1 or  Criteria No.2  &  NOT for BOTH Criteria 

Hope you understand the exemption Criteria.

You should deduct on Rs.90000/- whole amount.

on entire amount of Rs. 90000/-, start deducting from 2nd payment onwards.

 But if the amount does not exceed 75000 in that FY the contractor would not be liable for TDS deduction. 

  agree with ravishankar

Yes..All are correct

On the whole amt. Rs. 90,000

I Agree With all above.As provision  under section 194C Contract , per Payment Rs.30000 or  P.A Rs.75000 not exceed the limit. so deduct for whole the value.