05 September 2012
Pls inform, as per 194C if single payment exceeds 30000/- or in aggregate 75000/- then tds is to be deduct, so if at the year end i pass the jv of the bill received by me amounting Rs.36000/- i have to deduct tds? Aggregate bill amount for the year is Rs.73000/-. No other transactions are exceeding Rs.30000/- except last of Rs.36000/- as said above.
So pls inform whether i have to deduct tds on 36000/- only or i have to deduct tds on Rs. 73000/-
CAclubindia
