TDS Liability
This query is : Resolved
27 June 2009
if i make payment of Rs.19,000/- each in three times towards labour chg. then can tds liability is come
27 June 2009
Hi devendra,
As the aggregate payment to a single contractor exceeds Rs. 50,000/- you will have to deduct the TDS.
As the aggregate payment to a single contractor exceeds Rs. 50,000/- you will have to deduct the TDS.
28 June 2009
In case the payment is being made against a single contract in parts, you have to deduct TDS u/s 194C as the contract amount is exceeding Rs 20000/-. Further, as the aggregate of payments exceeds Rs. 50000, you have to deduct tax at source if the same is being paid for different contracts also.
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