From april to july TDS was not deducted on contract as it was under the limit and it was expected that the limit wont be crossed but due to certain reason the limit crossed and the TDS was deducted from August , should the TDS be deducted on amount paid from April to July?
5 Replies
Anoushka Paliwal
(150 Points)
Replied 07 July 2020
If the limit has been exceeds in August then TDS has been deducted in August on whole amount i.e fom April.
Abhishek
(Student CA IPC / IPCC)
(143 Points)
Replied 07 July 2020
Cn u please share the rule or section
Abhishek
(Student CA IPC / IPCC)
(143 Points)
Replied 07 July 2020
Not the contract section , section or rule wer it is stated that it should b deducted on previous amount also
Anoushka Paliwal
(150 Points)
Replied 07 July 2020
Sub section 5 of Section 194C stated that if ''aggregate" amount exceeds 100000 in a PY then TDS have been deducted on the sum.
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