Section 194C doubt

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23 Points Joined January 2019
Is tds required to be deducted by a company for a AMC contract payment if amount is greater than Rs 30,000 u/s 194c
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On 01 June 2021 at 18:44 Report
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31 Points Joined December 2020
No tds if single contract is upto ₹30,000 or aggregate contract is upto ₹1, 00,000 in PY
this condition is applicable if your turnover exceeds 1cr in case of business and ₹50lakhs in case of profession.
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On 01 June 2021 at 18:57
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23 Points Joined January 2019
Ok so if liable to tax audit in preceeding Fy
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On 01 June 2021 at 19:04
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31 Points Joined December 2020
Yes if you are liable to tax audit, then tds will be deducted if single contract is more than 30,000 and aggregate contract exceeds 1 lakh in PY
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On 01 June 2021 at 19:10
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Learner
2398 Points Joined May 2019
TDS shall be deducted u/s 194C in following cases

Single payment of a contract exceeds Rs. 30,000
Aggregate payment of a contract exceeds Rs. 1,00,000 during the year.
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On 01 June 2021 at 19:34
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Chartered Accountant
24588 Points Joined November 2019
Yes TDS should be deduct u/s 194C
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On 01 June 2021 at 19:45
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23 Points Joined January 2019
Thank you all
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On 01 June 2021 at 19:56
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Chartered Accountant
24588 Points Joined November 2019
Your welcome
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On 02 June 2021 at 06:00
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tax consultant
3306 Points Joined October 2018
Tds will be deductible
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On 06 June 2021 at 12:49


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