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TDS U/S 194C

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 May 2011 PLEASE CLARIFY TDS U/S 194C ON CONTRACTOR & SUB CONTRACTOR ABOUT LIMIT OF RS.30000/- & RS.75000/-?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
07 May 2011 Threshhold limit are as follows:- 1- total single payment under contract likely to exceeds Rs. 30000/-- 2- total aggregate amount during the financial year likely to exceeds Rs. 75000/-
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 May 2011 Further in addition to the reply of Sanat Ji, limit and rates u/s 194C are same for both contractor and sub-contractor.
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