TDS u/s 194C
PATEL MANSI PARESHKUMAR (ARTICLE) (41 Points)
10 April 2018PATEL MANSI PARESHKUMAR (ARTICLE) (41 Points)
10 April 2018
A B Kundu
(Professional)
(1422 Points)
Replied 10 April 2018
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.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)