payment to contractor total amount paid in fin year 22.23
25000
15000
25000
25000 total amount paid 90000 less den 1 lac aggregate
but in april 2023 paid amount 25000
total till april 2023 paid amount 115000
my question tds deduct or not now
thanks in advance
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Tds 194c contracter payment
Replies (3)
Treat both financial years separately.
The exemption limit applies to the section for each FY separately.
In FY 2023-24 your payment is Rs. 25K, so not liable for TDS deduction.
Thanks
My pleasure.
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