18 March 2011
if single payment exceeds Rs 30000 but all payments in a year doesnot exceed Rs75000 for 194C,whether TDS is to be deducted only for the single payment which exceeds Rs30000 or for the whole amount??
18 March 2011
TDS is to be deducted only for the single payment/bill which exceeds Rs. 30000/-. No need to deduct TDS on other payments of less than Rs. 30000/- if all payment/bill is less than 75000/-
CAclubindia
