if a,b,c,d,e,f are contractors of advertisements and each individual payment for a year is 20k
then will 194c apply?
since it crossed 1lakh in aggregate but individual payment did not cross 1lakh but advt exp crossed 1 lakh
is the provision applicable,
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194c tds applicability
Replies (4)
No, Section 194C not applicable in above case
no tds attracted because all parties aggregate and single payment below the limit,
in bare act its is writtenwhere the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year does not exceed Rs. 1,00,000 the person responsible for paying such sums will not deduct TDS under this section
Dear jakie cool,
Aggregate amount of payment under contract to one party should not exceeds 100000
Aggregate amount of payment under contract to one party should not exceeds 100000
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