TDS 194-C deduction
This query is : Resolved
09 October 2024
Under 194-c we need to deduct TDS if single bill exceeds 30k and aggregate exceeds 100k. However I am confused in below situation:
Bill 1 of 25k (no TDS deducted as it no limit exceeded),
Subsequently received Bill 2 of 34k (since 30k limit is exceeded do wo need to deduct TDS on 34k or 34k+25k),
And then Bill 3 of 50k (now at what amount should TDS be deducted)?
Bill 1 of 25k (no TDS deducted as it no limit exceeded),
Subsequently received Bill 2 of 34k (since 30k limit is exceeded do wo need to deduct TDS on 34k or 34k+25k),
And then Bill 3 of 50k (now at what amount should TDS be deducted)?
09 October 2024
First deduct TDS over 34+25, subsequently deduct TDS over all the bills.
Message likes :
2 times
11 October 2024
Good luck ....
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