Dear Members,
Can u please clarify my following doubts w.r.t. TDS deduction u/s 194C,194H & 194I
1) How do i calculate the threshhold limit of 194C i.e.30000 & Rs. 75000 & 194 I i.e.Rs. 1,80,000.
2) Is the limit under 194C-Payment to contractors for single transaction of Rs.30000 for Per Annum or anytime during the
year?
3) what if i had already deducted and paid the TDS in govt treasuery but at the end of year the threshhold limit mentioned has not been crossed?
4) Most imp...can i wait for the payments to be made under various sections to cross the threshold limit and pay them only in hte month in which it crosses that limit? for eg. if i had made payment to a contractor for Rs.25000 till Dec-12 and Rs.50000 in Mar-13 ...so when will i need to pay tds in Govt. Trasuery.
--> should i pay TDS on the whole Rs. 75000 for qtr-IV or
----> should i pay TDS on Rs 25000 for qtr-III even though i am uncertian that I would be paying Rs. 50000 in March-13.
CAclubindia
