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194 c

Rajyalakshmi (Accountant) (35 Points)

02 September 2011

Hello

I have one doubt about TDS Contract 194 C , 1,00,000/- paid to vendor or supplier (only one transaction ) TDS applicable or not. If not applicable why ?

Thanks & Regards

Raji

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29 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 02 September 2011

Applicable if exceeds Rs. 75,000/-

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SANYAM ARORA (“It's hard to beat a person who never gives up.”) (20168 Points)
Replied 02 September 2011

It is applicable

CS Alok Mishra (Income Tax Practitioner) (786 Points)
Replied 02 September 2011

Applicable Rajya. Chech Sec 194C u ll get ur answer urself

C.A. Sandeep Wawhal (CA, PGDFM, BCom) (1831 Points)
Replied 02 September 2011

TDS applicable, it will calculated on payment basis.

CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6881 Points)
Replied 02 September 2011

You should see the nature of transaction whether payment has made for any sevices or any purchase of kind

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valji (Accounts manager-MBA) (2150 Points)
Replied 02 September 2011

tds is applicable

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
Replied 02 September 2011

ya it's applicable

aggregating is 75000 in a previous year.

Ramanuj (Accountant.) (834 Points)
Replied 02 September 2011

Dear Raji

Before you should see the nature of transaction whether payment has made for any sevices or any purchase of kind then if One Transactiion have above Rs. 75000/- then Tds Is applicable u/s Section 194C.

Thanks

SUNIL (ACCOUTANT) (167 Points)
Replied 02 September 2011

Tds is applicable .

TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
Replied 02 September 2011

in this case TDS Applicable ,if the nature of payment covered under 194C.

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Sanket (!..Live to Give..!) (16427 Points)
Replied 02 September 2011

Yes, TDS U/s 194C is attract here as the payment is exceeds limit (i.e. 75000/-).

CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
Replied 02 September 2011

for single transaction to one party,deduct tds if it exceeds 30000, more than one transaction in a financial year to same party then deduct tds if it exceeds 75000, eventhough individual transactions not exceed 30000.