banner_ad

Section 194C doubt

224 views 8 replies
User Avatar

23 Points Joined January 2019
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
1 Reply Share Follow
On 01 June 2021 at 18:44 Report
Replies (8)
User Avatar

31 Points Joined December 2020
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.
Reply
On 01 June 2021 at 18:57
User Avatar

23 Points Joined January 2019
Ok so if liable to tax audit in preceeding Fy
Reply
On 01 June 2021 at 19:04
User Avatar

31 Points Joined December 2020
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
Reply
On 01 June 2021 at 19:10
User Avatar

Learner
2398 Points Joined May 2019
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.
Reply
On 01 June 2021 at 19:34
User Avatar

Chartered Accountant
24588 Points Joined November 2019
Yes TDS should be deduct u/s 194C
Reply
On 01 June 2021 at 19:45
User Avatar

23 Points Joined January 2019
Thank you all
Reply
On 01 June 2021 at 19:56
User Avatar

Chartered Accountant
24588 Points Joined November 2019
Your welcome
Reply
On 02 June 2021 at 06:00
User Avatar

tax consultant
3306 Points Joined October 2018
Tds will be deductible
Reply
On 06 June 2021 at 12:49

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details