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 ????????????????????????
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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
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