TDS U/s. 194C
This query is : Resolved
11 August 2009
Dear Sir,
I am in confusion with the Sec. 194C where TDS Applicable to the amount exceeds 20,000/- & 50,000/-. Kindly clear the same to my mail ID :
mhlaskar@gmail.com
Thankx & Regards,
I am in confusion with the Sec. 194C where TDS Applicable to the amount exceeds 20,000/- & 50,000/-. Kindly clear the same to my mail ID :
mhlaskar@gmail.com
Thankx & Regards,
11 August 2009
If value of the contract exceeds or likely to exceed Rs. 20000/-, TDS is applicable.
In case, the amount of indivisual contract with a contractor/sub contractor does not exceed Rs. 20,000/-, but the cumulative amount exceeds Rs. 50,000/-, than also TDS is applicable.
Both the limits are alternative.
In case, the amount of indivisual contract with a contractor/sub contractor does not exceed Rs. 20,000/-, but the cumulative amount exceeds Rs. 50,000/-, than also TDS is applicable.
Both the limits are alternative.
11 August 2009
agree with Mr. Shyam
11 August 2009
Agree with expert
11 August 2009
I also Agree.
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