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TDS deduction on contractor payment (194 C), Income Tax |
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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 Page: 1
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.
Both Bills from Same Party.
Tds is deductible on total amount. Page: 1 Old Query - New Comments are closed. |
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