Deduction of tds on part payments
This query is : Resolved
06 June 2012
Sir,
The payment of 30000 is required to be made u/s 194J.
Can we make first payment of Rs. 10000 without deducting TDS against the first bill of 10000 only.
Then we get another bill for balance Rs 20000 from the same service provider and this time we deduct full 3000 TDS from that second installment.
Thanks.
The payment of 30000 is required to be made u/s 194J.
Can we make first payment of Rs. 10000 without deducting TDS against the first bill of 10000 only.
Then we get another bill for balance Rs 20000 from the same service provider and this time we deduct full 3000 TDS from that second installment.
Thanks.
06 June 2012
Yes it is possible because at the time of making the first payment, the total amount paid during the year did not exceed Rs. 30,000.
06 June 2012
yes,you can do...Reason amount of bill is not exceeding Rs 30000
06 June 2012
yes i am agree with him
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