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,
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.
CAclubindia
