09 June 2023
Dear Sir, As we all know that Limit for TDS u/s 194-C for payment to contractors is Rs.30000/- single payment and Rs.100000/- aggregate. Now my query is suppose the contractor has given different payment aggregate to 80000/- ( 25000+25000+25000+5000) on 4 different dates in same financial year and the same got credited on that respective bill date in books during that particular financial year say FY 2022-23. Now suppose payment of Rs.80000/- is made through single cheque then liability of TDS u/s 194-C arises or not ? No other bills during FY 2022-23. Experts please answer.
CAclubindia
