Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2012
Sir my question is a company dont have any weighing machine so they weight outside. If weight expenses during the financial year exceeds Rs.75000/- so TDS are required to be deducted or not.
CA Anurag Nema
(Expert)
27 October 2012
If payment is made to a single contractee exceeds Rs 75000 Tds is liable to be made u/s 194 C. Interesting to note if the machine is taken on rent than the limit will be revised to Rs 180000 since it covers u/s 194 I.
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