Menu
TDS - 194C
If the payment u/s 194C does not exceed in the month of April with ₹ 25000 then there is no liability to deduct TDS on , but in the next month Bill amount is of ₹140000 ...shall I liable to to deduct TDS on first bill if yes than which rate i deduct TDS i.g 0.75 or 1 ...?
Replies (3)
Quick Summary
Deduct tax on whole amount of Rs. 165000. If deductee is company @ 1.75% and if deductee is individual @ .75% till March'21 otherwise TDS rate are 2% and 1% respectively.
Sorry read 1.50% in place of 1.75%.
When provisions of section 194C of the Income Tax Act gets attracted, the Deductor is required to deduct TDS at the following rates –
ParticularsRate of TDSPayment made / credited to an individual or HUF1%Payment made / credited to a person other than an individual or HUF2%
However, in case the PAN is not furnished, the Deductor would be liable to deduct TDS @ 20% i.e. at the maximum marginal rate.
ParticularsRate of TDSPayment made / credited to an individual or HUF1%Payment made / credited to a person other than an individual or HUF2%
However, in case the PAN is not furnished, the Deductor would be liable to deduct TDS @ 20% i.e. at the maximum marginal rate.
Recent Topics :
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
Related Topics :
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
