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)?
CAclubindia
