Easy Office
LCI Learning

Tds on contract 194c (contract above rs. 30000/-)

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
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
Profile Image

CA MANISH SAXENA

Profile Image

CA MANISH SAXENA (Expert)
05 September 2016 Hi,

On Total amount you are required to deduct the TDS and Section 194C , already you mentioned.

Thanks
Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
05 September 2016 TDS attracted on total amount as individual payment exceeds 30000 even if aggregate limit is not crossed
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links