22 November 2011
My company is providing snacks to all employees in the evening. The snacks provided are Samosa, Puffs, vada & Biscuits etc.
Did i have to deduct TDS on the contractors bill.
If the same contractor is supplying breakfast, lunch & dinner on some occassions and providing seperate bill for the same and where the value will not exceed Rs.75,000/- PA. Will it attract TDS.
25 November 2011
YOU WILL HAVE TO DEDUCT TDS U/S 194C. BUT IF COMPOSITE BILLS PAYMENT IS NOT MORE THEN 75000/- IN A F.Y. THAN TDS LIABILITY NOT ATTRACTED.