Tds u/s 194c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2014 on what amount TDS should be deducted if limit crossed Rs. 75000 but one time payment is less than Rs.30000

Let payment is made to party in whole year amounted Rs. 100000 but invoice in the whole is less than 300000 should i deduct on Rs. 100000 os at invoice amount

Rupesh Jain

Rupesh Jain (Expert)
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22 May 2014 when amount cross Rs. 75000/- then you have deduct the tds on whole amount you paid during the year.

same case in second situation.
up to rs. 75000/- if single bill is below rs. 30000/- no tds

after that billing cross the Rs. 75000/- then deduct the tds on whole amount.

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