Tds

This query is : Resolved 

02 August 2015 Dear Sir Please clarify in which amount Tds charge. Tds on contractor Amount of bill 30000 or 30001

03 August 2015 Tds is to be deducted when payment is exceeds 30000, not on 30000.

04 August 2015 You are talking about section 194-C payment to contractor..

Tds require to deduct tds @1%/2% depending upon status of payee if exceeds

30000 for single contract
75000 for all transaction during the year




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