Tds on contract 194c (contract above rs. 30000/-)
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2016
Dear All,
I have one doubt in sec 194C. There are 2 contracts in which one contract is of Rs. 35000/- and 2nd contract is Rs. 30000/- and the some is not exceeding Rs. 75000/- then whether TDS will be deducted on Rs. 35000/- only or on total amount of Rs. 65000/-. Also mention the relevant provision and reason of the same.
Thanks
I have one doubt in sec 194C. There are 2 contracts in which one contract is of Rs. 35000/- and 2nd contract is Rs. 30000/- and the some is not exceeding Rs. 75000/- then whether TDS will be deducted on Rs. 35000/- only or on total amount of Rs. 65000/-. Also mention the relevant provision and reason of the same.
Thanks
05 September 2016
Hi,
On Total amount you are required to deduct the TDS and Section 194C , already you mentioned.
Thanks
On Total amount you are required to deduct the TDS and Section 194C , already you mentioned.
Thanks
Expert : Anonymous
Expert :
Anonymous
(Expert)
05 September 2016
TDS attracted on total amount as individual payment exceeds 30000 even if aggregate limit is not crossed
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