meri ek party se contract hai. wo mujhe 4000 ke invoice ke 5 bill monthly deta hai to mein us per tds katu ya nahi
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Tds on contract
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Sir,
I suppose you are running a proprietory business.
Agar aap ka business ka tax audit hua hai last year, then yes you have to ded TDS u/s 194C......
because 4000*5*12=2,40,000/-
is exceeding the limit in a FY.........
Where one bill is more than 30,000/- or 75,000/- in a year, TDS has to be deducted.
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