Hello, our company deducts TDS on payment of rent on immovable property (194I) from a person as it exceeds Rs.180000 during the year.
however, to the same person referred to above, we make payment under contract, but the total amount doesn't exceed 1 lakh during the year.
so, should i deduct tax under 194C also since i am deducting under 194I from the same person?
please advice with section reference
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TDS query
Replies (2)
No where in the act there is declared about clubbing of the sections of TDS deduction or aggregating threshold limits!!
thanks dhirajlal
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