Should TDS de deducted for payment of Rs 47170/- made to an individual in two instalments? Amount paid is Rs 23585/- each time.
1 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 18 July 2016
Assuming it as payment to a contractor (194C), if you have 2 separate bills and 2 separate payments, then no need to deduct till the threshold limit of 1 lac is reached. But if single bill and 2 different payments, then 194C is applicable
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