tds
This query is : Open
06 June 2017
A transport has given a bill of 53000 to a company and 40000 has been collected in advance.. should the company deduct tds ??
06 June 2017
Yes as bill is above Rs.30000/- you have to deduct TDS u/s 194C.
However if you are not audited u/s 44AB then no need to deduct TDS.
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