TDS deduction under s.194.C

282 views
User Avatar

404 Points Posted on 29 August 2020
Whether TDS needs to be deducted under s.194c if I renovating school and for it I am making payment of 69,000 , which includes payment both for tiles ( material) and his work.
0 Reply Share Follow
On 29 August 2020 at 23:16 Report
Replies (3)
Quick Summary
This discussion clarifies TDS deduction requirements under Section 194C for school renovation projects. If a lump sum payment is made for both materials (like tiles) and labour, TDS at 1% is generally applicable. However, if the labour portion is itemised and falls below £30,000, TDS may not be required on that specific component.

User Avatar

article
217 Points Posted on 30 August 2020
If contract is given for lumsum payment then yes tds has to be deducted @ 1%
Reply
On 30 August 2020 at 07:58
User Avatar

157 Points Posted on 30 August 2020
If labour portion is specifically mentioned in the invoice and that portion is also below 30000 then you are not required to deduct tds on bill.
Reply
On 30 August 2020 at 12:35
User Avatar

Senior auditor
110 Points Posted on 30 August 2020
Agree with harshit and dhiraj ji
Reply
On 30 August 2020 at 15:23

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Partnership tax audit query
  2. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  3. Form 146 foreign remittance us citizen
  4. GST 16(2) notice
  5. Which GSTR-1 upload error do you hit most often?
  6. Need advice regarding accounting fees
  7. Is it possible to get a refund for an accidental o
  8. ITR-3 Section P&L - speculative income - no bo
  9. Foreign Assets reporting
  10. Build corpus in HUF

More recent discussions | Post

Related Topics :

Loading