Tds applicability

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B.Com
15 Points Joined July 2015
TDS IS DEDUCTED ON AN AMOUNT OF MORE THAN 30000 IS A SINGLE TRANSACTION. MY QUESTION IS THAT IS TDS IS APPLICABLE ON A SECOND BILL NOT CROSSING THE LIMIT WHETHER THE FIRST BILL HAS CROSSED THE LIMIT OF 30000 IN SINGLE TRANSACTION. THANKS FOR YOUR VALUABLE REPLY.
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On 16 January 2017 at 16:34 Report
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Tax Consultant
1029 Points Joined March 2012
Please mention the nature of expenses.
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On 16 January 2017 at 16:40
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B.Com
15 Points Joined July 2015

EVENT MANAGEMENT EXPENSES UNDER 194 C

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On 16 January 2017 at 16:42
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Tax Consultant
1029 Points Joined March 2012
If the total payments under the same head and to the same person is likely to exceed ₹1 lakh, it becomes liable for deduction for the financial year ending 31.3.2017.
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On 16 January 2017 at 17:11
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B.Com
15 Points Joined July 2015

IF THE TOTAL PAYMENT NOT EXCEED 1 LAKH IN A FINACIAL YERA, BUT THE FIRST BILL EXCEED ITS LIMIT THEN SHOULD WE DEDUCT TDS ON FUTURE BILLS?

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On 08 May 2017 at 15:29


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