TDS
Prakash (B.Com CA final & CS final) (196 Points)
10 November 2008
Kush Gangar
(Final)
(47 Points)
Replied 10 November 2008
Yes, it attracts TDS but only if it excedds the limits.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 10 November 2008
If u are receiving regular bills and it comes under the meaning of contract then TDS under Section 194C is applicable. Keep the limits also in mind.
Venkateswarlu
(Hyderabad)
(33 Points)
Replied 10 November 2008
Import and Export transaction. which form will bi fiiled
Sai krishna Medikonda
(CA)
(187 Points)
Replied 10 November 2008
Yes TDS has to be deducted on the whole amount when the aggrigate of the regular bills exceeds the specified limits.
CA Abhash Mishra
(Chartered Accountants)
(598 Points)
Replied 10 November 2008
If it is a contract between two party than tds will be deducted under 194C,