TDS u/s 194C

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Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2011 please give details of provision regarding tds u/s 194c with respect to Rs.30,000/- & Rs.75,000/-.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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29 April 2011 Threshold limit : 30000/- (single bill) & 75000/- (combined payment during one FY)

so if a service provider raises 5 bills during the whole year : 25000+5000+10000+20000+10000 > 70000/- so in this case no TDS.

Whereas, if the bills as like :
35000+5000+10000+10000+10000 > 70000/-
TDS on the 1st will be deducted. &

if the bills as like :
35000+5000+10000+20000+10000 > 80000/-
TDS on all bills will be deducted.

I hope its clear now.

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CA Prashant Gupta

CA Prashant Gupta (Expert)
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29 April 2011 agree with Subhas Ji
but one modification if in above example bill is like this
15000+35000+5000
then only on 35000/- TDS will be deducted. as total amount is not above 75000/- but if total billing is above 75000/- then on full amount tds will be deducted i.e. on all previous bills

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CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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29 April 2011 Dear Prashantji,

I think, I have covered your case in my scenario II & III.

Just check it....