TDS Deduction mandatory

Direct Taxation

TDS to be deducted by all companies while making the payments to contractors under section 194C

Veera V

CA Final

★ 0

31-Oct-21 15:22

643

Answers (5)

If payment threshold exceedes

CA Suraj Lakhotia

Admin

31-Oct-21 15:31

CA Suraj Lakhotia Admin

If payment threshold exceedes

For all Assesse's including Tax Audit & Presumptive Scheme persons applies right

Thread Starter

Veera V

CA Final

★ 0

31-Oct-21 15:36

Not applicable to individuals and HUF whose turnover is does not exceed 1 crore for business/50 lakhs for profession.

Yoga Vishnu

CA Final

★ 11K+

31-Oct-21 15:49

Yoga Vishnu

Not applicable to individuals and HUF whose turnover is does not exceed 1 crore for business/50 lakhs for profession.

Ok, they can make payment more than threshold limit, but the turnover of Individuals/ HUF should not exceed 1 crore right

Thread Starter

Veera V

CA Final

★ 0

31-Oct-21 15:56

Thread Starter

Veera V

Ok, they can make payment more than threshold limit, but the turnover of Individuals/ HUF should not exceed 1 crore right

Yes

CA Suraj Lakhotia

Admin

01-Nov-21 06:51