From april to july TDS was not deducted on contract as it was under the limit and it was expected that the limit wont be crossed but due to certain reason the limit crossed and the TDS was deducted from August , should the TDS be deducted on amount paid from April to July?
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TDS DEDUCTION in mid of the year
Replies (5)
Quick Summary
If the limit has been exceeds in August then TDS has been deducted in August on whole amount i.e fom April.
Cn u please share the rule or section
Section 194C
Not the contract section , section or rule wer it is stated that it should b deducted on previous amount also
Sub section 5 of Section 194C stated that if ''aggregate" amount exceeds 100000 in a PY then TDS have been deducted on the sum.
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