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TDS u/s 194C

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(Querist)
31 May 2009 HI,

There are 2 bills of Rs.18000 each for service contract.. The payment is made to party of Rs. 36000.

Whether TDS is to be deducted while making payments to the party??
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CA.BHARAT BHUSHAN

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CA.BHARAT BHUSHAN (Expert)
31 May 2009 No, in case of running contract if Total Amount is less than Rs.50000/- then no TDS will be deducted
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
05 June 2009 Since single payment exceeds 20,000/-, tax needs to be deducted.
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