Hi...........
In case of sec 194 c, if one bill exceeds RS . 30000 , say 35000 and aggregate to the same party is less than 75000 during the year, is dere any need to deduct tds on d whole amt , say if aggregate is 72000 . ? Or we shud nly deduct tds on 35000 only ????????????????????????
Menu
Tds limits
Replies (1)
Yes, if the single bill exceed the the prescribed limit irrespective of aggregate limit, TDS is to be deducted...
In your case TDS will be deducted on ₹ 35000
Recent Topic
- GTA Annexure V Non Compliance
- Calculation of Demand due to interest u/s 220(2)
- Legal profession business code in section 44ADA
- Whether Indexed Capital Loss Can Be Claimed Under
- Form 145 and 146 Foreign Remittance in Excel Forma
- E invoice missed out/not generated for FY2025-26
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
Related Topics
CAclubindia
