Hello
Last year transaction amt was in F.Y.2012-13-Rs.170000/-
Deducted TDS as per 194C @ 2%
In the F.Y.2013-14 single transaction amt is Rs.15000/-
Have to deduct TDS now only or when the amt crosses to Rs.75000/-?
pls help
Rudrayani Shedjale (Assistant Accountant) (751 Points)
30 July 2013Hello
Last year transaction amt was in F.Y.2012-13-Rs.170000/-
Deducted TDS as per 194C @ 2%
In the F.Y.2013-14 single transaction amt is Rs.15000/-
Have to deduct TDS now only or when the amt crosses to Rs.75000/-?
pls help
Mihir
(Wealth Manager)
(5293 Points)
Replied 30 July 2013
If the amt is likely to exceed Rs. 75000 in the whole year then deduct now.
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