TDS

Yes. TDS is deductible.

Hello Mr. Pankaj,

194C of Income Tax Act, 1961 states that tax has to be deducted at source when the contractual payments to a person 

- is in excess of Rs. 20,000 in a single transaction or

- crosses Rs. 50,000 collectively in a financial year.

Regards

Bala

www.cogzidel.in

194C of Income Tax Act, 1961 states that tax has to be deducted at source when the contractual payments to a person 

- is in excess of Rs. 20,000 in a single transaction or

- crosses Rs. 50,000 collectively in a financial year.

Regards

Please tell TDS applicable on service tax or not.

YES BHUVAN TDS IS APPLICABLE ON SERVICE TAX

A new Notification has come which says that in case of Rent(Section 194I) TDS willbe beducted on bill amount less service tax  but nothing has come regarding other sections of TDS.