194 c

Page no : 2

CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 02 September 2011

Yes Sec 194C is Applicable,Payment made to contractor/sub contractor.

REASON....

Applicable if single payment is Rs,30000.Aggregate payment is75000,or exceed...

So as per your question.apply...

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CA PRAVEEN SINGH (MANAGER ACCOUNTS) (2277 Points)
Replied 02 September 2011

Yes Sec 194C is Applicable,Payment made to contractor/sub contractor.

REASON....

Applicable if single payment is Rs,30000.Aggregate payment is Rs 75000,or exceed...

So as per your question.apply...

CS Bijoy (Expert) (6394 Points)
Replied 03 September 2011

TDS is applicable @ 2% on company and 1 @ on Individual and Huf.

Vishal Kr. Choudhary (Articled Assistant) (55 Points)
Replied 03 September 2011

Yes Sec 194C is Applicable,Payment made to contractor/sub contractor.

, if single payment is Rs,30000.Aggregate payment is75000,or exceed...

Dhanabal Ramasamy (CHARTERED ACCOUNTANT) (105 Points)
Replied 03 September 2011

Hai.....

Sec 194 C is for deducting TDS on contract services not contratual supply of material. If it is for service then TDS is applicable as the value of single transaction exceeding Rs.30000/- and as whole Rs.75000/-

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Deepak Kkumar Goyal (Accountant) (21 Points)
Replied 04 September 2011

Originally posted by : Rajyalakshmi

Manoj Kumar (Executive Accounts) (22 Points)
Replied 05 September 2011

Yes tds is applicable

Suresh Chauhan (Accounts Manager) (25 Points)
Replied 05 September 2011

Dear Rajji

If you are paying to supplyers than dont deduct TDS, and paying to only against 194C than deduct TDS.

TVVS Swamy (Accountant) (44 Points)
Replied 05 September 2011

Originally posted by : Rajyalakshmi
	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

venkat (Accountant) (222 Points)
Replied 05 September 2011

TDS APPLICABLE IF THE SINGLE PAYMENT MORE THEN 30000 OR ANNUAL PAYMENT TO PARTY EXCEEDS 75000. TDS 1% FOR INDIVIDUAL AND HUF AND TDS 2% OTHER THAN INDIVIDUAL . ALL THE BEST.

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CA.B.Sivakumar (-) (162 Points)
Replied 06 September 2011

I do agree with Chaintanya reply.

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.

Here, single transaction in a f.y amount exceeds 30000, so tds deductable @ 1% in case of individual or huf, in case of firm tds deductable @ 2%,

venkat (Accountant) (222 Points)
Replied 06 September 2011

For single transaction to one party,deduct tds if the invoice amount 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.

Here, single transaction in a f.y amount exceeds 30000, so tds deductable @ 1% in case of individual or huf, in case of firm tds deductable @ 2%,

amit (proprietor) (22 Points)
Replied 07 September 2011

The assessee has contractor of Torrent Power ltd., he supply taxi car and loading car to them. Taxi car supply for Torrent Staff & worker. Torrent has deducted a source of tax in 194-I. The assessee has given contract to other taxi driver. The assessee has paying an amount to Taxi driver contractor. so, my question is that, the asseesee would be deducted at source in which section either 194-C or 194-I ?

Thanks