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section 194C
whether section 194C is applicable if aggregate of payment to a single person in a FY exceeds 30000?
Replies (2)
194C shall not apply provided it is not a single payment/bill.
As per section 194C , No TDS is required to be deducted if :-
a) Single payment does not exceed Rs. 30,000/-
b) Aggregate of payment during PY does not exceed Rs. 1,00,000/-
Provded that no TDS is required to be deducted if payment is being made to the transporter of Goods if he does not own more than 10 Trucks during PY. However he must be owner of the truck.
a) Single payment does not exceed Rs. 30,000/-
b) Aggregate of payment during PY does not exceed Rs. 1,00,000/-
Provded that no TDS is required to be deducted if payment is being made to the transporter of Goods if he does not own more than 10 Trucks during PY. However he must be owner of the truck.
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