Amt on which tds to be deductd u/s 194c
This query is : Resolved
25 January 2014
sir/mam I hv made payment to a contractor
1st 20000 in 2nd quarter
2nd 36000 in 3rd quarter
3rd 30000 in 3rd quarter
my question is that when 2nd paymdnt is made that exceed rs 35000 individualy , so tds is to be deducted on 36000 or on total payment till date.
similary if 2nd payment is rs 34000 & 3rd payment is rs 30000 which exceed rs75000 in agreate ,
so on which amt tds is to be deducted on the amt which exceed 75000 or on total 84000.
25 January 2014
This sec states that if payment is likely to exceed the limit then tds is to be deductedon whole amount. Therefore payment exceeds 75000 then tds is to be deducted on 86000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
