05 February 2018
In Last month we deducted TDS U/s 194C because his bill amount exceeds Rs.30,000 and in current month we received bill amount of Rs.10,000 but his aggregate of all bills not exceeding Rs.1,00,000. in current month. Shall I deduct TDS for current month?
05 February 2018
TDS is not required if the aggregate amount does not exceed Rs.100000 p.a. but any single bill Rs.30000/- deduct TDS. Also make sure that you don't make or credit any amount exceeding Rs.30000/- in single shot.
CAclubindia
