Can we are required to deduct tds u/s 194C in this case:
First invoice value: 50,000: Yes
Second invoice value: 15,000:???
2 Replies
sabyasachi mukherjee
(27750 Points)
Replied 04 June 2023
Deduct on both. The relevant provision says that deduct 1% or 2% on the bill or on the payment whichever is earlier.
rama krishnan
(12244 Points)
Replied 04 June 2023
1. yes
2. not required unless the aggregate payments in the year exceeds 1 lakh rupees
2. not required unless the aggregate payments in the year exceeds 1 lakh rupees
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