194m or 194c

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3 Points Posted on 04 July 2021

an individual whose turnover is > 1 cr and made payment of rs 60 lakh to contractor for personal purpose then tds applicable and under which section?

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On 04 July 2021 at 14:44 Report
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This discussion clarifies whether Tax Deducted at Source (TDS) applies to payments made for personal purposes, specifically concerning sections 194M and 194C. It explores scenarios where an individual's turnover exceeds ₹1 crore and they pay a contractor ₹60 lakh for personal use. The key point is that while 194C explicitly excludes personal purposes, 194M provisions may still apply if TDS isn't deducted under 194C.

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CMA
13117 Points Posted on 04 July 2021

If tax audit is applicable then 194C else 194M would apply

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On 04 July 2021 at 14:51
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3 Points Posted on 05 July 2021

Even it is for personal purpose???

In sec 194C it is specifically said not  applicable for personal purpose

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On 05 July 2021 at 00:02
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CMA
13117 Points Posted on 05 July 2021

If tax is not deducted u/s 194C, then provisions of section 194M would prevail.

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On 05 July 2021 at 18:05

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