if we have amc any vendor 25,000 pa. should we deduct TDS
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Answer / salimmalik
NO. As per Sec 194C of Income tax act 1961 the cut off
amount is Rs. 30000/- and Where the aggregate of the amounts
paid/credited or likely to be paid/credited to Contractor or
Sub-contractor exceeds Rs.75,000 during the financial year,
TDS has to be deducted.
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how tds is calculated?
DEAR SIR,PLEASE INFORM US THAT BETWEEN BILL DATE & INWARD DATE WHAT DATE WE HAVE TO WRITE IN "C" FORM.AS WHEN WE RECD.BILL IN DATED OF 30TH JUNE, & WE ARE TAKING THE SAME IN JULY AS OUR INWARD DATE, IN THIS CASE QUARTER HAS BEEN CHANGED & PARY IS ASKING FOR BILL DATE IN "C" FORM INSTEAD OF INWARD DATE.KINDLY HELP US IN THIS REGARD-RAJESH PATEL.PH.079-25624003
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