tds of contractor

This query is : Resolved 

19 March 2009 i wana know that u/s 194 c of TDS ON CONT. The words representing a contract exceeding rs. 20000 and aggregate of rs 50000. what is a meaning of that iam confused regarding a (PAYMENT or CONTRACT VALUE ).

i have some question ragarding this ..

1.A company makes 2 contract with a contractor of rs. 19000 each so is TDS SHOULD BE DEDUCTED OR NOT ?

2. A CO. MAKES A CONTRACT OF 49000 AND PAYMENT IS DONE RS. 20000 , 20000, 9000 EACH SO WHT SHOULD DO IN THIS CASE?

3. A CO. MAKES A CONTRACT OF 21000?

4. A CO. MAKES 2 CONTRACTS OF 23000 EACH ??


PLZ CAN ANY ONE SOLVE MY PROBLEM ??

19 March 2009 single time payment should not exceed 20,000 and aggrgate of payment to contractor should not exceed 50,000.

1. no tds
2. no TDS
3. Yes, if single payment is more then Rs. 20,000.
4. Yes, if single payment is more then Rs. 20,000.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries