Current Year Turnover vs Tds

Eswar Reddy S (CFO- at NHTF) (13277 Points)

13 May 2022  
FY-2021-22 , Turnover: 1.5Crores
FY-2022-23, Turnover : 40lacs

Carrying business through ABC PVT LTD

Payment to be made to Contractor(Company) ,in the current month : 2lacs .

Is 194C applicable?

What if
FY-2021-22 , Turnover: 40lacs
FY-2022-23, Turnover : 1.5Crores