One of the conditions for deduction u/s 194c (TDS on contractor) is that any single payment made during the year is exeeding Rs. 20,000/- for A.Y 2010-11.
Is it ncessary to attract this section that such single payment of exeeding 20,000/- is only in respact of bill exeeding 20,000/-??
If payment is exeeding 20000/- for two bills & none of the bill is exeeding 20000/- then this section is applicable ??
CAclubindia
