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TDS on freight

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402 Points Posted on 26 September 2020
I have received a single Bill.T or Invoice of freight amounted to RS 40000 in same case if i make part payment 20000 and 20000 differnt days so is TDS applicable as his yearly Paymet doesn't Cross 1 Lakh.
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On 26 September 2020 at 13:45 Report
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Service
255 Points Posted on 26 September 2020
Yes as per sec 194C if invoice amount exceed 30,000 in single bill the TDS is deducted
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On 26 September 2020 at 16:59
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T
405 Points Posted on 26 September 2020
Yes u r required becoz the provision says amount paid or credited to contractor under a single contract(bill) as u have recieved 1 bill it is applicable if u got 2 Bill's then no need
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On 26 September 2020 at 21:16
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Tax and Business Consultant
11616 Points Posted on 27 September 2020
TDS u/s 194C is applicable in your case, as amount of single invoice/bilty is more than 30,000.
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On 27 September 2020 at 16:18


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