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Entry below the threshold limit

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(Querist)
13 March 2012 Dear sir,
In case of a deductor liable to deduct TDS U/s 194C. If a payment made to one of his contractor is only Rs. 15000/- ( one & only transction with him during the FY ) which is below the threshold limit of deduction.
Do it is reqired to furnish the entry of said contractor amongst the other contractors in TDS return or not?
Thanks in advance.
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Rajnikant Vadigoppula

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Rajnikant Vadigoppula (Expert)
13 March 2012 In TDS return, only details of the party who r liable for tds deduction and not all the parties.

So, u needn't need to be furnish the details of above party.
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Mihir Doshi

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Mihir Doshi (Expert)
14 March 2012 No need to mention the details of those contractors where TDS has not been deducted.

Thanks
Mihir Doshi
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