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TDS

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(Querist)
16 May 2009 Dear all,
Whether TDS to be deducted u/s.194C if a value of single bill exceeds 20,000 but the later bills doesn't exceeds 20,000 & the aggregate amount in a year does not exceeds 50,000 ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 May 2009 Yes,tax has to be deducted on the bill which is more than Rs.20,000/-
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
17 May 2009 Yes. It has to be deducted.
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