we are into printing business (job work).
Few customers ask for Cash Bill.
Do they need to pay TDS ???
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Tds on cash bills
Replies (13)
yes, if limit are crosed rs.30000/75000 u/s 194c
If they are asking for cash bills, that means they do not want you to deduct TDS.
We r doing cash sales(job work). IS TDS applicable?
Not on the name party , they ask for cash as on d name of party.
If the amount of the invoice is above 30,000/- or aggregate 75,000/- in a year, TDS deduction applies u/s 194C, whether it is cash or credit. But lot many do not follow this rules.
If d bill amt is around 50000 and in the party's name n address we write cash..then is tds applicable???
and in a particular financial year, the cash sales amt to rs. 500000 by differrnt parties, who will pay tds or how will one differentaite from the bills
If invoice is made wheathr it is cash invoice or other tds will be deducted by other party at the timee of payment to seller n also paid to central govt by other party ,,,, seller only received net amt
we r doing r telecome servising . we r distributors in telecom. which is cash bill limit and tds limit
Tds will be deducted
Tds will be deducted by other party irrespective of invoicing in cash or not, subject to tds limit of 30000/75000...& tds payable is a concern of payer & still if u want to verify .....refer FORM 26 AS or sort ur cash sales with naration wise or something else u hav maintained e.g with customer code..etc.
can i do cash bill paid same person uper 20000 and no without tds .in telecome servising.
u r confussed related this topic,tds r deducted by party who paid the payment u .. u r jobworker ..u/s194c ..party paid u by cash then party r liable deducted tds according u/s 194c...i hope u understand
When ever anyone asks you to cash bill and amount is above 30000 make 2 or 3 bills below 30000 amount so tds is not applicable
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