194c

This query is : Resolved

madhu (Querist)
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14 September 2012 u/s 194c if the single payment exceeds Rs.30,000/- TDS should be made and in a year if the aggregate payment exceeds Rs.75,000/- TDS should be made..

But if a single payment of 35,000 was made and TDS deducted....subsequently another 10000 was paid to the same party... whether it attracts TDS or not??

Please clarify..........

Amol S Joglekar

Amol S Joglekar (Expert)
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14 September 2012 Yes, it attracts the TDS.

CA Jeen paul

CA Jeen paul (Expert)
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19 September 2012 the limit of Rs.30000/- single payment is to avoid deduction in petty cases. when a contractor enter into a single transation more than above limit, he becomes a major.
and should make tds from all his payments

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