Meaning of contract u/s 194C

u need to deduct it form the begining if u knw its gng to cross 50000 in a yr or if u dnt knw than u need to deduct cumulatively  when the payment crosses 50000.

I Agree.

yes... you need to deduct TDS from the beginig itself.......  or deduct for the entire amount paid if it crosses Rs 50000/-. Better to do from the begining itself, if  you deduct TDS in the last year for that same person or for the same expenses......

Right

Yea agree with members advise.............

u have to deduct the tds when u make the payment in excess of Rs.20000 (one time) or if the total invoice amt of contract is exceed Rs. 50000 in a Year. secondly all the contract is liable for tds whether labour supplies, courier and electrical contrac etc. if it satisfy the above criteria.        however the charges in invoice which is reimbursable to the contractor is not liable for t.d.s.

if u fail to deduct tds in a year please deduct it before 31st ma but if no bill is pending u have to deduct and pay on behalf of contractor and reimburesd it from the contarctor.

Ratan kandare