TDS deduction on contractor payment (194 C)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DS deduction on contractor payment (194 C)<br> Query (Issue) Started By: - Nihal Shaikh Dated:- 12-3-2018 Last Reply Date:- 14-3-2018 Income Tax<br>Got 3 Replies<br>Income Tax<br>I Have one Bill of co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ntractor Rs.38,000/- and other bill of 25,000/- Total2 bills till date &#8377; 63000/- In this situation i have to deduct TDS on Bill of &#8377; 38000/- only OR On Both Bills i.e. &#8377; 63000/- ? ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reply By Ganeshan Kalyani: The Reply: 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 th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ousand. Reply By Nihal Shaikh: The Reply: Both Bills from Same Party. Reply By Ganeshan Kalyani: The Reply: Tds is deductible on total amount.<br> Discussion Forum - Knowledge Sharing ....