TDS deduction on contractor payment (194 C), Income Tax

[Nihal Shaikh]

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

[Ganeshan Kalyani]

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.

[Nihal Shaikh]

Both Bills from Same Party.

[Ganeshan Kalyani]

Tds is deductible on total amount.