Tds us 194 c

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2016 today i am received one bill
transaction in contract base 94 C 2%
Ass.Value : 30,000/=
Service Tax: 4,200/=
Total Amount Paid : 34200/=

So Can I deduct TDS On this Transaction or not ?
Beacuse of 94 C Payment of Contract Rules Rs.30000/= For Single Payment
but as per rules tds deducted on Before Service tax amount ...

Ankur Singhal

Ankur Singhal (Expert)
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12 March 2016 Dear
TDs is to be deducted on amount excluding service tax but the section says the payment or credit exceeding rs 30000/- in single payment the deduct TDs.
Hence in your case deduct TDs.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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13 March 2016 If single transactions 30000 and above tds to be deducted u/s 194C individual and HUF @1% and other than individuals and HUF @2%

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2016 No,tds will not deducted as per my query bcz single bill not exceed from 30000 or aggregate shall not exceed from 75000.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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15 March 2016 you are paying single payment or bill of Rs.34200/- you need to deduct TDS

Ankur Singhal

Ankur Singhal (Expert)
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15 March 2016 Dear
Agree with the learned expert.

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Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2016 my client recd today one notice regarding cib-183,

the actual transaction is after MR.X death fixed deposit transfer to Mr. x Wife approx of rs.4 lac and after some month fixed deposit premature and take rupees in saving a/c and then withdrawal approx 3,50,000 via cash for house purchase .

So i am file Compliance Response for Self Investment / Expenditure is out of accumulated savings.
and itr has not been filed reason no taxable

So this is right or wrong

Please Give me a urgent Reply

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2016 my client recd today one notice regarding cib-183,

the actual transaction is after MR.X death fixed deposit transfer to Mr. x Wife approx of rs.4 lac and after some month fixed deposit premature and take rupees in saving a/c and then withdrawal approx 3,50,000 via cash for house purchase .

So i am file Compliance Response for Self Investment / Expenditure is out of accumulated savings.
and itr has not been filed reason no taxable

So this is right or wrong

Please Give me a urgent Reply

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