According to sec 194C ,if transporter carry 11 vehicle during the FY but 1 vehicle sold during the current FY should we deduct tds in next financial year or AY ?? My point is every section will be only applicable for current financial year????????????
Hi a new business Dec 2020 ( properator )where the turnover is below 15 lacs and given a contract for installation of solar panel at Rs 13.8 lacs , do he had to deduct TDS for this service ?
According to sec 194C ,if transporter carry 11 vehicle during the FY but 1 vehicle sold during the current FY should we deduct tds in next financial year or AY ?? My point is every section will be only applicable for current financial year????????????
How do we file 194c in ITR portal?
Please consult a tax expert here: clr.tax/mmlfE
Team Clear
Hi a new business Dec 2020 ( properator )where the turnover is below 15 lacs and given a contract for installation of solar panel at Rs 13.8 lacs , do he had to deduct TDS for this service ?
In case of gst bill? On taxable value or tax value
You should deduct TDS on the taxable value. Read our blog for more details: cleartax.in/s/section-194c-tds-on-contractor
Team Clear