We all know the TDS U/s 194C on contracts is not deductible on the sale of goods if the invoice provides it separately along with labour charges for works executed.
We also know the provision of Sub-section (5) of 194C reads as: (5) No deduction shall be made from the amount of any sum credited or paid or likely to be credited or paid to the account of, or to, the contractor, if such sum does not exceed thirty thousand rupees : Provided that where the aggregate of the amounts of such sums credited or paid or likely to be credited or paid during the financial year exceeds [one lakh] rupees, the person responsible for paying such sums referred to in sub-section (1) shall be liable to deduct income-tax under this section.
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Kindly answer if TDS to be deducted when total invoice value (Including sale of goods) exceeds Rs.30,000 but the labour charges mentioned in the invoice does not exceed Rs.30,000.
And if Aggregate payments in a financial year exceeds Rs.1,00,000/- but charges paid towards labour in all the invoices in a year doesn't exceed Rs.1,00,000/-.
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