WCT TDS and TDS u/s 194C

TDS to be deducted u/s 194C on individuals & HUF's @ 1% and companies & firms @ 2%.

TDS need not be dedcuted on material bill only. Except that TDS deductible.

for the purpose of Section 194C work contract means

(iv) work shall include

      (a)  advertising;

      (b)  broadcasting and telecasting including production of programmes for such broadcasting or telecasting;

      (c)  carriage of goods or passengers by any mode of transport other than by railways;

      (d)  catering;

      (e)  manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer,

                but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.]

Limit of tds u/s 194C is Rs. 30000 for single contract and Rs. 75000 limit is for muliple contract or whether it is the aggregate limit of single contract in the financial year ?