Billing not exceeding 50,000 Rs. in a Year

TDS u/s 194C deductible if a single bill crosses Rs. 20,000 or yearly billing crosses Rs. 50,000/-. In you case since one bill has crossed Rs. 20,000/- TDS deductible. Amount inclusive of Service Tax to be considered.

agree with Aditya sir.....

The word "or" has been used....

TDS u/s 194C deductible if a single bill crosses Rs. 20,000 or yearly billing cross Rs. 50,000/- since one bill has crossed Rs. 20,000/- TDS deductible.

Mr. Aditya Maheshwari

Thanks for your reply.But so far, i have got contrasting views on above matter. As per some, Tds would be deductible only on that one single bill. As per others, Tds would be deductible on all the bills.

Is it specifically mentioned somewhere?Since going by the wordings of what i have read in Mr. Vinod Gupta Sir's book regarding Sec. 194C(3), it seems to me as if Tds would deduct only on that one particular bill. Thats why i am totally confused.

As one bill exceeds the 20K limit, TDS irrespective of whether the amount crosses 50K mark or not should be deducted on the whole bill for the year

Dear Ritesh...

The ACt has mentioned Rs.20000/- single bill OR Rs.50000/- year.....

TDS should be deducted in ur case...

Dear C. Balaji

Where is it mentioned? I may have missed it.

Dear Ritesh,

Case 1

Contract A = 19,000

Contract B = 15,000

Contract C = 15,000

No TDS is to be deducted in this case

Case 2

Contract A = 19,000

Contract B = 22,000

TDS is to be deducted on on Contract "B"

Case3

Contract A = 22,000

Contract B = 22,000

TDS is to be deducted on on both Contracts

Case 4

Contract A = 19,000

Contract B = 19,000

Contract C = 19,000

Contract D = 19,000

TDS is to be deducted on All Contracts.

Case 5

Contract A = 39,000

Contract B = 19,000

TDS is to be deducted on both contracts

Come on mate it is understandable....

Amir Bhai has come with a good example..

I think u will be clear now....

Dear Amir

Thanks for replying.

My case falls under your given Case 2. Thats what i also believe, but not so sure.

Dear Amir

Thanks for replying.

My case falls under your given Case 2. Thats what i also believe, but not so sure.

finally you are clear....happy......

Dear C. Balaji

I would like you to have a look at Mr. Amir's second case..

why Mr...???

Case 2 - Contract B exceeds Rs. 20000/- so deduct TDS....

Mr. C. Balaji

The Contracts which Mr. Amir has mentioned is for same party. So going by what you are saying, wouldn't Tds be deductible on both contracts?