Poonawalla fincorps
Poonawalla fincorps

ITDS U/S.194C for FY 2020-21

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(Querist)
29 June 2021 U/S.194C, TDS is to be deducted if single transaction exceeds Rs. 30,000/-. If a payment of Rs.80,000/- was paid by me against transporter's 3 nos. bills (27500+27500+25000), in this case whether I will have to deduct TDS or not ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 June 2021 TDS applicable if single payment of 80,000 made, irrespective of number of bills.

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