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Tds 194c

TDS / TCS 1019 views 4 replies

As per 194C there is 2 limits for TDS...

Rs 30000 Single Payment / credited and

Rs 75000 (aggregate during the F. Year) now i want to ask that ...

If a contract of manufacturing of Building amounts to Rs 60000 but paid and credited in equal 6 installments then whether TDS applicable?? whether TDS applicable as there is a single contract but credited and paid in 6 equal installments.

 

Replies (4)

As per 194 C it is given if a single payment exceeds 30000 then u need to deduct TDS

since u made six due entries so there is no question of TDS deduction

hello,

T.D.S u/s 194c should be made where the amount paid or credited to a contractor/sub-contractor exceeds

1) rs 30000/- in single payment,or 

2) rs 75000/- in aggregate during the financial year.

conclusion; if your payment not more than rs 75000/- during the period 2012-13.then it is not liable for tax deduction u/s194c.

in the present case, not liable for t.d.s u/s 194c for your case.

I want to know abour tds return filling with RPU Version [ NSDL].

How to fill & How submite ?

Help me.

ANAND RATHOD

In your case TDS is not deductible


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