Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2012
If single payment to contractor exceed 30,000/- (For Example Rs. 35,000/-) but the aggregate of payments during the year is below Rs. 75,000/- (Say for Example Rs. 68,000/-)then whether TDS is to be deducted on 35,000/-or Rs. 68,000/-
12 August 2012
As per sec 194C, if the single payment is made to contractor exceed Rs. 30000/- but not exceed the aggregate limit of Rs. 75000/-
then TDS has to be deducted on Rs. 35000/- only.
then TDS has to be deducted on Rs. 35000/- only.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2012
Can you provide some case law for the above reference.
13 August 2012
My dear, Please read legal language of the Provision under 194C.
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