Section 194c

Are we supposed to deduct tax for a single contract where payment is made monthly(rs 7000 pm approx) and total amt is approx rs 40000 in a year under sec 194C?

Replies (1)

As per Section 194C deductor is liable to deduct tds if Single amount credited or paid is exceed Rs. 30000/- or total sum credited or paid during the F.Y is exceeds 75000/-

In some Cases TDS u/s 194C is not applicable

1. Where the payer being an individula/HUF/AOP/BOI having total sale, gross receipt from business or profession carried by them is below the monetary limit of Rs. 1 crore or 25 lacs in case of profession during the FY immediately preceeding the year in which such amount paid or credited

2. Amount paid by individual/ HUF towards personal expenses of such individual or member of HUF.

 

So in the current situation if these exception are there then there is no need to deduct the TDS.

in any other case if Amount not exceed Rs. 30000 & 75000 then there is no need to deduct tds.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details