194 c rate of tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2012 sir,

We have a partnership firm, I have paid Rs25000/- to 65000/- to each individual, on advertising exp., whether tds is applicable,

pls help me sir.,

urgent

Ram Ji Srivastava

Ram Ji Srivastava (Expert)
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30 April 2012 In your case, single bill amount Rs 30000/-during the FY or total payment amounting Rs 75000/- exempt during the financial year for TDS (under IT Section 194C) to an individual, pls check your transactions accordingly if u have made single bill amounting Rs 30000/- than u have to deduct TDS if not so according to your statement you have paid 65000/- payment to him so no need to deduct tds.

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