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Section 194C doubt
Is tds required to be deducted by a company for a AMC contract payment if amount is greater than Rs 30,000 u/s 194c
Replies (8)
No tds if single contract is upto ₹30,000 or aggregate contract is upto ₹1, 00,000 in PY
this condition is applicable if your turnover exceeds 1cr in case of business and ₹50lakhs in case of profession.
this condition is applicable if your turnover exceeds 1cr in case of business and ₹50lakhs in case of profession.
Ok so if liable to tax audit in preceeding Fy
Yes if you are liable to tax audit, then tds will be deducted if single contract is more than 30,000 and aggregate contract exceeds 1 lakh in PY
TDS shall be deducted u/s 194C in following cases
Single payment of a contract exceeds Rs. 30,000
Aggregate payment of a contract exceeds Rs. 1,00,000 during the year.
Single payment of a contract exceeds Rs. 30,000
Aggregate payment of a contract exceeds Rs. 1,00,000 during the year.
Yes TDS should be deduct u/s 194C
Thank you all
Your welcome
Tds will be deductible
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