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TDS u/s 194C
For example, If Mr.A wish to make payment of contract of Rs.25000 & another for Rs.35000, Rs.27000 to a same contractor then TDS made on all such payments or only on Rs.35000 being amount exceeds Rs.30000 in single payment.
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If the single invoice amount is less than Rs.30,000 then no need to deduct TDS. But, if the invoice amount itself is more than Rs.30,000 then you have to deduct TDS on whole amount irrespective of the fact that for such single invoice, payments are made in installments.
If 3 invoices are there, then only tds is to be deducted on Rs.35,000.
Further, if the total amount paid to a person during a year exceeds Rs.1,00,000 then tds needs to be deducted on the whole amount, irrespective of the number of invoices and invoice amounts.
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