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TDS deduction on contractor payment (194 C), Income Tax

Issue Id: - 113476
Dated: 12-3-2018
By:- Nihal Shaikh
TDS deduction on contractor payment (194 C)

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I Have one Bill of contractor Rs.38,000/- and other bill of 25,000/- Total2 bills till date ₹ 63000/-

In this situation i have to deduct TDS on Bill of ₹ 38000/- only OR On Both Bills i.e. ₹ 63000/- ?

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 12-3-2018
By:- Ganeshan Kalyani

if both the bills are from one party then TDS is deductible on 63 thousand. If the bill received is from 2 parties then TDS is deductible on the bill value 38 thousand.


2 Dated: 13-3-2018
By:- Nihal Shaikh

Both Bills from Same Party.


3 Dated: 14-3-2018
By:- Ganeshan Kalyani

Tds is deductible on total amount.


1

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