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Tds under 194c

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2012 If a bill amount is for ex.RS 25000 and another bill amount is Rs.26000 and aggregate payment made is 51000 in total so whether tds should be deducted or not under Section 194C?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
14 July 2012 first of all your detail is not clear to decide whether it is 194 C or not.
but as you asked so I assume transaction is under 194C. then it is clear that one transaction must be above 30,000 or total payment 75,000/- in a year. So in your case no bill is above 30,000/- and total is not above 75,000/- So No TDS u/s 194C
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
14 July 2012 FOR ONE BILL AMOUNT EXCEEDING Rs 30000 FOR TDS DEDUCTION.

BUT CHECK YOUR ANNUAL LIMIT FOR TDS.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
14 July 2012 Right said by Prashant ji..
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CA Rahul Gupta

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CA Rahul Gupta (Expert)
14 July 2012 TDS will not be deducted u/s 194C since Bill amount does not exceed Rs. 30000/-or in aggregate exceed Rs.75000/- in your case.

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