25 October 2023
Dear Experts, 1 A company pays Rs 45,0000.00 to the service provider after deducting the TDS u/s 194C 2 After the certain period, the same service provider provides the service for the amount of Rs 20,000.00 3 Upto this second time service provided by him, the total trasaction value does not cross Rs 1,00,000.00 4 The query Whether the company needs to deduct the TDS on this second time payment. Since upto this second time payment, it does not cross the limit of Rs 1,00,000.00 Or once the TDS attracts, it needs to be followed in subsequent transactions.
CAclubindia
