tag:blogger.com,1999:blog-2004257931445490362.post6150661545062872695..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: TDS ON PAYMENT TO CONTRACTOR SECTION 194C AT A GLANCERAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger65125tag:blogger.com,1999:blog-2004257931445490362.post-539309766968137542021-02-18T08:09:36.243+05:302021-02-18T08:09:36.243+05:30Case wise answer is as under
Case1: If contract va...Case wise answer is as under<br />Case1: If contract value is more than 30000 then tds is applicable , so even if single payment is less than 30000 tds is applicable as your contract value in example is 80000 and 90000<br />However catch is here that you have not clarified you status , if you are Individual or HUF and your turnover is less than 1 crore then no need to deduct tax under section RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-84273055530353460672021-02-16T23:58:21.382+05:302021-02-16T23:58:21.382+05:30Hi , myself Kiran running mep services company (Gs...Hi , myself Kiran running mep services company (Gst registrated) where one of person( Bilas) will supply the labour and he doesn't have gst registration.<br /><br />Case one :- 2 separate Contract is given to Bilas and both are less then 1 lakh, say Contract 1- 80000 and contract 2 - 90000, can I pay twice in the a same month for same contract -1 less then 30000 to avoid tds and contract -2 Kiran Rhttps://www.blogger.com/profile/00244250271745006452noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-57248051880724405002020-09-05T17:17:05.460+05:302020-09-05T17:17:05.460+05:30We have received an invoice for deducting TDS unde...We have received an invoice for deducting TDS under section 194C, Total invoice value is INR33,866 (inclusive of GST), gst shown separately on invoice, but amount before GST is INR28,700/- Do we required to deduct tax at source?.<br />Neelimahttps://www.blogger.com/profile/05473142296563259193noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-50682898949771789452020-09-05T17:15:26.218+05:302020-09-05T17:15:26.218+05:30We have received an invoice for deducting TDS unde...We have received an invoice for deducting TDS under section 194C, Total invoice value is INR33,866 (inclusive of GST), gst shown separately on invoice, but amount before GST is INR28,700/- Do we required to deduct tax at source?.<br />Neelimahttps://www.blogger.com/profile/05473142296563259193noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-91937435373407148252020-08-28T16:47:34.077+05:302020-08-28T16:47:34.077+05:30I think you question is related to gst tds ,and an...I think you question is related to gst tds ,and answer is no RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-37817664486888594122020-08-28T16:44:19.930+05:302020-08-28T16:44:19.930+05:30No ,as amount is not exceeding rs30000No ,as amount is not exceeding rs30000RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-20511992405201716062020-08-28T16:42:35.482+05:302020-08-28T16:42:35.482+05:30Please understand that the TDS u/s 194C is differe...Please understand that the TDS u/s 194C is different from BEL and has its own criteria. Here you should deduct TDS if the single bill/payment is exceeds Rs. 30,000/- OR the aggregate amount of bill (which is in your case) exceeds Rs. 100000/-.JAIMINnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-40613509761901931792020-08-28T16:36:20.262+05:302020-08-28T16:36:20.262+05:30SHOULD I DEDUCT TDS, IF WE PAID 30000 IN FY 18-19,...SHOULD I DEDUCT TDS, IF WE PAID 30000 IN FY 18-19, BUT BILL IS NOT RECEIVED. IN FY 2019-20, WE PAID 170000/- BUT BILL IS NOT RECEIVED. IN CFY 2020-21, WE PAID 40000 AND RECEIVED A BILL OF RS. 300000/- FROM CONTRACTOR. SHOULD I DEDUCT TDS ON 30000/- PAID IN FY 18-19?<br />JAIMINnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-65320672882993345112020-08-25T12:19:48.914+05:302020-08-25T12:19:48.914+05:30if contract value of a work is under 2.5 lakhs and...if contract value of a work is under 2.5 lakhs and the contract is furthur extended and its contract value exceeds rs . 2.5 lakhs . In that case is the tds recovery from bills passed earlier is to be made<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-26328854083664639622018-11-21T07:33:47.192+05:302018-11-21T07:33:47.192+05:30you have to deduct TDS on full amount paid to the ...you have to deduct TDS on full amount paid to the contractor including wages epf esi etc.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-79733091319173040512018-11-14T21:47:59.068+05:302018-11-14T21:47:59.068+05:30We have entered into a contract with firm for outs...We have entered into a contract with firm for outsourcing of services(housekeeping and conservancy) wherein labour is supplied by the firm. <br /><br />Wages paid to the labours by the firm, EPF, ESI contribution and service charges are mentioned separately on the invoice of firm.<br /><br />Whether TDS is to be deducted on the full invoice amount(including wages, EPF, ESI)dushihttps://www.blogger.com/profile/17329624337995639681noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-89243482428116973882018-09-12T20:47:16.111+05:302018-09-12T20:47:16.111+05:30Yes , he is liable to deduct TDSYes , he is liable to deduct TDSRAJ KUMARIhttps://www.blogger.com/profile/12265611544966294090noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-82435409572622127682018-09-12T14:15:36.941+05:302018-09-12T14:15:36.941+05:30whether an individual, liable to audit u/s 44AD i...whether an individual, liable to audit u/s 44AD is required to deduct tds on interest paid to others on amount borrowed.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-92018100202809979122018-04-13T12:46:39.867+05:302018-04-13T12:46:39.867+05:30Rs 30000/- Limit is applicable for single contract...Rs 30000/- Limit is applicable for single contract/work and not invoice wise, if both the invoice relates to one contract (value more than 30000) then tds is deductible irrespective to value of invoice.<br /><br />If these invoices are related to two separate contract/work then yes on first invoice tds is applicable and on second tds is not deductible. as the total amount is less than one lakh.<RAJ KUMARIhttps://www.blogger.com/profile/12265611544966294090noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-6489707778320976522018-04-13T12:27:04.424+05:302018-04-13T12:27:04.424+05:30Dear Sir,
If the vendor issues 2 different invoic...Dear Sir,<br /><br />If the vendor issues 2 different invoices, one with value Rs.32000/-, wherein, TDS need to be deducted u/s 194C, as the amount is exceeding Rs.30000/- and second one amounting to Rs.13000/-, which is not exceeding to Limit for tds deduction (Rs.30000/-)<br /><br />Further, the vendor annual transaction will not exceed Rs.100000/- as well<br /><br />Should I deduct tds on one Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-37680838853537461572018-04-13T12:20:13.594+05:302018-04-13T12:20:13.594+05:30Dear all,
Just a query, I have received 2 invoice...Dear all,<br /><br />Just a query, I have received 2 invoices. 1st Invoice amounting to Rs.32000/- (exceeding Rs.30000 u/s 194C, hence TDS will be deducted). 2nd invoice amounting to Rs 13000, not exceeding the limits. Both the invoices belong to same supplier.<br /><br />Should I deduct tds on 1st invoice only both the invoices<br /><br />Thanks and best regards,<br />AndruAnonymoushttps://www.blogger.com/profile/09278002841759376113noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-78815979884189391952016-04-29T20:04:47.470+05:302016-04-29T20:04:47.470+05:301. In the given case TDS is to be deducted on 8750...1. In the given case TDS is to be deducted on 87500 as the amount of contract is more than 30000 and yearly payment is also more than 70000/-<br /><br />2. No tax to be deducted as the contract amount is less than 30000 separately and total amount is also less than 70000/-RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-51440868611678449582016-04-28T07:21:50.154+05:302016-04-28T07:21:50.154+05:30If 2 contracts are made with same person(same PAN)...If 2 contracts are made with same person(same PAN)then what if<br />1. In first month itself,payment is of 80000/- & 7500/-,for above 2 contracts<br />2. If payment is of 25000/- & 5100/- instead of above amounts.<br />what amount of TDS would be deducted u/s 194C in both cases,would the amounts of both contracts would be clubbed or treated seperately?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-2587000788695282582015-09-21T12:13:35.162+05:302015-09-21T12:13:35.162+05:30Yes , As per section 194C Tds is deductible on pay...Yes , As per section 194C Tds is deductible on payment or credit which ever is earlier.As the advance has been paid in lieu of work to be executed so tds is deductible on advance paymentRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-1500008903874536052015-09-21T12:05:53.383+05:302015-09-21T12:05:53.383+05:30Is TDS is deductible from interest bearing mobiliz...Is TDS is deductible from interest bearing mobilization advance paid to Contractor? Anonymoushttps://www.blogger.com/profile/15139384803739813902noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-14835682986955289082015-06-22T18:08:16.071+05:302015-06-22T18:08:16.071+05:30yes ,tax is deductible ,
As per section 194C give...yes ,tax is deductible ,<br /><br />As per section 194C given above ,to check cut off limit of 30,000 ,not only the "amount paid/payable" is to be checked but also "amount likely to be paid/payable" is to be considered.<br /><br />"No deduction shall be made from the amount of any sum credited or paid or likely to be credited or paid to the account of, or to, the RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-55716930024625753532015-06-22T17:21:12.261+05:302015-06-22T17:21:12.261+05:30if contract amt is Rs 2,00,000 + Tax , But 1st in...if contract amt is Rs 2,00,000 + Tax , But 1st invoice of Rs 12000+tax . can deduct TDS or not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-16033505075520191342015-05-25T15:01:53.913+05:302015-05-25T15:01:53.913+05:30As the forth digit of pan is "p" ,so it ...As the forth digit of pan is "p" ,so it relates to individual ,accordingly 1% TDS should be deducted RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-88074049070296400042015-05-25T14:50:14.073+05:302015-05-25T14:50:14.073+05:30yes , check forth digit of pan like P=Individual,...yes , check forth digit of pan like P=Individual, H=HUF,C=Company,F=Firm,G=Govt and other can be checked here<br />http://www.simpletaxindia.net/2011/01/know-your-pan-structure-meaning-of-pan.htmlRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-4596557586202786092015-05-25T12:38:16.164+05:302015-05-25T12:38:16.164+05:30IF CONTRACTOR RAISE BILL AS A NAME OF OBEROI PEST ...IF CONTRACTOR RAISE BILL AS A NAME OF OBEROI PEST CONTROL & HIS PAN NO. IS AACPO9580B THEN HOW MUCH TDS DEDUCT.Anonymousnoreply@blogger.com