Sir i am CA inter student... Mene..inter.. Me tds Skip kiya thaa. Ab.. Articleship join ki to... Jarurat padi.. To Aapse sikh... Rahaaa Hun... Thank's sir.. Aap bahot accha padaate hai... 😍😍
Dear sir, Thank you so much for video. Mera question ye h ki ham kaise identify kare ki kaun sa contractor h aur kaunsa nahi. Q ki jab mai client ke paas TDS finalize karne jaata hu to itne saare ledger(Tally) me confusion ho jaata hu ki TDS kispe applicable hoga aur kis pe nahi.
in case of a startup business and proprietorship making payment to clearing and forwarding agent shall we deduct tds under 194C in the first financial year of company
Hello @All About Taxes. I am constructing a house for myself worth 60 lakhs individually, do i need to pay tds for payments made to labour contractor????
Yani ki 1-10-19 ke 32000 par tds deduct hoga aur total yearly amount yani ki 113000 par bhi tds deduct hoga yani ki ek hi amount par do bar tds deduct hoga
Sir please clarify me on which amount as a DDO i have to deduct income tax from a contractor on a works contract eg if I have to make a payment of Rs 4.00lac to contractor shall I deduct on Rs 4.00Lac or for the same less by GST amount ie 4.00 -gst=A ie A*1%
Sir agar payment resident contractor ko payment iss tarah karta ho to 1-4-19 ko 25000 1-7-19 ko 27000 1-10-19 ko 32000 1-1-20 ko 29000 Ish tarah payment karta ho to Tds quater no. 3 mai deduct kar ke pay karna aur badme pure year ke last mai jish par tds deduct kiya hai us par phir se tds deduct hoga
at time of 4th bill payment in FY limit cross of Rs 1 Lakh, TDS applicable OK. Then 2 query 1. One Lakh include GST or only basic. 2. On Fist 3 bills is interest on TDS applicable
1. TDS is to deducted on bill amount excluding GST. No tds is required to be deducted on GST Part. 2. No interest is required to be paid since there was no liab to deduct the tds on first 3 bills.
@@allabouttaxes Sir actual liability as per bills is 120,000 and the Co. paid only 110,000 against those bills saying 10,000 deducted for insurance and issued debit note for the same amount. How should we deduct tds in this situation.
Sir gta transport contractor and commission Agent hai jo gst me ragister hai vo vehicle hire kar k kisi company ko supply karta hai uska Freight recipient transport k Account me dalta hai to transporter us vehicle Owner k Account me Freight dalega tab usko vehicle owner ko TDS kat k dalna padega ya nahi
Agar Freight jo 35,000 ka ban raha tha uske related 11,000 ki payment seller ne ki aur maine 24,000 ki (Being purchaser) toh kya mujhe TDS deduct karne ki jrurt h
Sir what about RMC work? Which TDS is applicable on Ready Mix Concrete (RMC) work if Cement supplies by the assessee? I am confused 194Q or 194C? Please guide me. 🙏🏻
Hi, 194c TDS was been deducted @ 2% to one of our vendor's bill earlier. But due to lockdown his services stopped & no bill generated from April 2020 to Dec 2020. His service resumed from Jan-21. Should I deduct tds since his single bill won't cross 30000 & aggregate won't cross 1 lakh for FY 20-21.
Sir agar FY 19-20 mein koi company 31 March ko service purchase krta h.... aur company uska payment 2 April 2020 ko krti...h to is case mn tds kse ktega.
humara contractor individual hai or labour provide krwata hai lekin bill nhi deta or usko annually 1 lac k upr payment krte h, to uska TDs kaise deducted kre
Sir swatch bharat mission me kam kiya hun . 1 year me lagvag 50 lakh ka kam kiya hun or mera kuch v licence ya kuch v nahi he... Kripya sbm me kitne tax lagta he boliye...🙏
Ek govt officer 72000 ka bill payment 72000 kar deta ha aur usny bill per tds deduct nahi kiya ha to is par kiya rules apply hoga, kiya us par incom tax department koi penulty kraga, agr haa to kiya?
sir we r transporter in contract basis. hume paymnet 1% tds cut k aata h . ab hum aage jo payment krte h jinse hum truck lete h to kya wha tds kaatege. coz vo to broker h. pls reply
Okay...when contractor pay the comission to any sub vendor or stock material seller, the contractor cut the 1or2% comission and pay to respectively. The % deduction by contractor is called TDS or TCS and where the deduction amount goes, does contractor keeps in his pocket as profit...please kindly explain in brief
No contractor will pay the tds or tcs amount as the case may be pay to the government and along with this he will file tds return in which he will give the details of the person whom tds has been deducted or tcs has been collected
If a contractor issue only 2 invoices in a single FY. 1st invoice amount is 35000 and second invoice amount is 15000. We deducted tds on 1st invoice. We should libel to deduct tds on 2nd invoice or not.
@@VipinKumar-bk7sk there is not clearty from CBDT as you think the payment is not exceeding 30000 and 100000 but we generally recommend for safe side one payment exceeds 30000 then TDS should be deducted on subsequent payments also
Sir i am CA inter student... Mene..inter.. Me tds Skip kiya thaa. Ab.. Articleship join ki to... Jarurat padi.. To Aapse sikh... Rahaaa Hun... Thank's sir.. Aap bahot accha padaate hai... 😍😍
Thanks sir
Yaar kuchh improve karo. CA kar rahe ho.......
... amazing teaching, sir😊😊
Thanks for your valuable feedback.
Thanks for the clear explanation of TDS
Supep sir. Thank you so much. Bahut ache tarike se samjhaya aapne.
Sir , plz make vedio on tds on payment to transportation chgs
VERY GOOD DETAILS GIVE IN HINDI , THANK YOU VERY MUTCH.
Good Knowledge given me Thanks you.
Thank you @rajeshjaiswal
Dear sir,
Thank you so much for video.
Mera question ye h ki ham kaise identify kare ki kaun sa contractor h aur kaunsa nahi.
Q ki jab mai client ke paas TDS finalize karne jaata hu to itne saare ledger(Tally) me confusion ho jaata hu ki TDS kispe applicable hoga aur kis pe nahi.
Always see the 4th letter of PAN It denote p is proprietary, c is company, f is firm, H is Hindu Undivided Family
in case of a startup business and proprietorship making payment to clearing and forwarding agent shall we deduct tds under 194C in the first financial year of company
Very good explanation sir
thnks sir for full expiation on tds on contractor section 194 C
What if PY turnover exceeded 1 cr but opted for presumptive taxation. Tds deductible or not?
Thank you so much sir,
Please explain about advance tax
Such a amazing explanation sir
Thanks for your valuable feedback 🙂
Thank u sir
Welcome
Very nice explanation sir thank you.
Hello @All About Taxes. I am constructing a house for myself worth 60 lakhs individually, do i need to pay tds for payments made to labour contractor????
What rate should be deducted by the deductee if the contractor is a Sole Propreitorship ?
Yani ki 1-10-19 ke 32000 par tds deduct hoga aur total yearly amount yani ki 113000 par bhi tds deduct hoga yani ki ek hi amount par do bar tds deduct hoga
Bahot achha explanation
If the deductor is a society or aop, and it is a 44AB case, then also, tds under sec.194c has to be made
Wonderful explanation 😊
Glad you liked it
Dear Sir ,
kindly upload the video of how to file TDS form first time? if organization the first time deduct the tax amount.
Video has already been uploaded
@@allabouttaxes
How to file nil tds return
Video has already been uploaded
Who's contractor which is covered under TDS Sec 194c.
How much URD purchase limit for road construction service provider in 1 year
A supplier is supplies material or item or and other goods to a govt department as per requirement. Should the deptt deduct TDS or not.
Is TDS deductible under 194C if a person is supplying water or tea to the company and monthly bill is amounting to 1 lakh per month.
Sir please clarify me on which amount as a DDO i have to deduct income tax from a contractor on a works contract eg if I have to make a payment of Rs 4.00lac to contractor shall I deduct on Rs 4.00Lac or for the same less by GST amount ie 4.00 -gst=A ie A*1%
Sir, kuch content aur rah gya 194C ka
TV channel wala
Swayam sahayta samooh SHG ko bhugtan 31000 per month approx hai TDS katega ya nahi
Sir agar payment resident contractor ko payment iss tarah karta ho to
1-4-19 ko 25000
1-7-19 ko 27000
1-10-19 ko 32000
1-1-20 ko 29000
Ish tarah payment karta ho to Tds quater no. 3 mai deduct kar ke pay karna aur badme pure year ke last mai jish par tds deduct kiya hai us par phir se tds deduct hoga
Sir gram panchayat jo contractor ka TDS deduct krte hai use file kaise kra jata hai
Thanks sir 🙏 amazing teaching ❤️
Sir, I have a doubt that.....
1.10.22 - 23,000
21.11.22 - 28,000
20.2.23 - 32,500
How much does he liable for tds?
I have one Invoice contain material and labour charges ,50000 material and 28000 labour, require to deduct TDS?
What % of deductions from subcontractor bill TDS,gst & cess as per current laws in india.
Sec194C exceeds payment of Rs 1 lakh then deducted tds from last payment but how to fill tds return for same
at time of 4th bill payment in FY limit cross of Rs 1 Lakh, TDS applicable OK.
Then 2 query
1. One Lakh include GST or only basic.
2. On Fist 3 bills is interest on TDS applicable
1. TDS is to deducted on bill amount excluding GST. No tds is required to be deducted on GST Part.
2. No interest is required to be paid since there was no liab to deduct the tds on first 3 bills.
@@allabouttaxes Sir actual liability as per bills is 120,000 and the Co. paid only 110,000 against those bills saying 10,000 deducted for insurance and issued debit note for the same amount. How should we deduct tds in this situation.
Bahut Shandar
Sir Mera building ma kam hota hai Aksar bill bahut late deta hai
Is liya late fess or intrest kaise charge kara
Pls help
what does means of connection with any work
Sir gta transport contractor and commission Agent hai jo gst me ragister hai vo vehicle hire kar k kisi company ko supply karta hai uska Freight recipient transport k Account me dalta hai to transporter us vehicle Owner k Account me Freight dalega tab usko vehicle owner ko TDS kat k dalna padega ya nahi
Bohot badiya tarike se samjate ho sir
Sir what if a firm paying for merely xerox copies of various documents more than Rs. 30000 or exceeds whether tds attracts or not please explain.
Yeha pee other than person Matlab kiska Baat mention Kiya hai plzzz batayega🙏
Wow sir so nicely explained
Sir yadi 1 lakh k contract mei 25000 labour charges and 75000 material cost hai to tds ki liability aayegi?
Agar Freight jo 35,000 ka ban raha tha uske related 11,000 ki payment seller ne ki aur maine 24,000 ki (Being purchaser) toh kya mujhe TDS deduct karne ki jrurt h
Sir what about RMC work? Which TDS is applicable on Ready Mix Concrete (RMC) work if Cement supplies by the assessee?
I am confused 194Q or 194C?
Please guide me. 🙏🏻
194c
Hi, 194c TDS was been deducted @ 2% to one of our vendor's bill earlier. But due to lockdown his services stopped & no bill generated from April 2020 to Dec 2020. His service resumed from Jan-21. Should I deduct tds since his single bill won't cross 30000 & aggregate won't cross 1 lakh for FY 20-21.
Sir 30000 and 10000 limit is exceeding or also (equal to 30000 and 100000)
Sir Agar TDS under section 194c videos Katti Hai too ham kon saa ITR FILE KAR GA
Sir now lim 1.5 Cro , current rate kya ha
please try to say numbers in english.. because i dont know hindi..kindly accept my request.. ur classes are good...thankyou so muchh sir...
Sir contractor is not provide to pan card what systam of deduction tds
Sir ,we are running a manpower consultancy ,.company cut our TDS,10% and vary.
Can u advice slab .
Is this compulsory to deducted
Sir agar FY 19-20 mein koi company 31 March ko service purchase krta h.... aur company uska payment 2 April 2020 ko krti...h to is case mn tds kse ktega.
Kya hum transport service ke upar tds kat sakte hai
humara contractor individual hai or labour provide krwata hai lekin bill nhi deta or usko annually 1 lac k upr payment krte h, to uska TDs kaise deducted kre
Sir TDS data excel m kaise banta h after entry ek video us per bi banana
good explanation **
Sir swatch bharat mission me kam kiya hun . 1 year me lagvag 50 lakh ka kam kiya hun or mera kuch v licence ya kuch v nahi he... Kripya sbm me kitne tax lagta he boliye...🙏
sir kuch samjh nahi aya.its confusing.plz clearity ke saath step by step batayen.
contractor ke pan ka 4th akshar c rahega tobhi 1% tax kyo deduct hota hai. plz bataiye
Good explanation
Our first payment is 60k and 2nd payment is 10k can we deduct tds in 2nd payment ?
Sir can I deduct u/s 194c against hospital of state government whose has no pan card?
टीडीएस रिटर्न में 46820 रुपे क्रेडिट दिखाएंगे कि ₹118000 क्रेडिट दिखाएंगे
If contract bill Mai gst include hai toh include karna ka?
Sir 194C Othersorce income me dikha sakte hai kya
will ITC be allowed or not in work contract case
Sir now days TDs are same as above any other changes f.y.2020-2021
Very well experienced
Sir Vehicle servicing per kaun sa TDS section lagta hai aur Machinery ,CCTV, AC, & computer installation per kaun sa TDS Section lagta hai
under section 194C
@@allabouttaxes servicing aur installation Sir dono ke liye 194C section hai
Sir section 194c m contract kitne type k hote h pls define what is contract or contract works
Nyc explain sir ji
Assessment year 20-21 ma kya rate ha 1.5 crore ya 1cro
Sir section 194c main jab pan no na hota kitna tds kaatna hai
Agar transporter unregistered raha to uska TDS deduct karna padega kya
If he is not providing PAN and declaration then tds is to be deducted and payment is exceeds the limit then tds is to be deducted
@@allabouttaxes Thanks sir
Nicely Explained
Sir 194C , contractor or transporter dono par ek hi section lagu hota hai kya ?
Yes
Sir, tds ki return upload kijiyega sallary ke upper please..
Tds cut karke dene ke baaad payment karte samay gst pay nahi karneka kya
Sir galti se TDs 2 bar online bhara gaya hai. kya use vapas liya ja sakata hai, process ka kai vedio hai
सर मान लीजिय एक बिल है 3 लाख का और ढुलाई चार्ज 20000 और IGST 15000 तो सर TDS 3 लाख पर कटेगा या 320000 पर या 335000 पर कृपया सलाह दें।
Ek govt officer 72000 ka bill payment 72000 kar deta ha aur usny bill per tds deduct nahi kiya ha to is par kiya rules apply hoga, kiya us par incom tax department koi penulty kraga, agr haa to kiya?
sir we r transporter in contract basis. hume paymnet 1% tds cut k aata h . ab hum aage jo payment krte h jinse hum truck lete h to kya wha tds kaatege. coz vo to broker h. pls reply
If I am contractor Mr Y and there are lots of vendors working under me W,X,Z etc...How will I know there A.Y income is more than 1cr
You have to check your turnover
Their Turn over or mine?
Sir good evening sir TDS Rate for Vehicle Servicing charges
&
Tds section for Installation charges Machinery , Cctv kya hain
Please tell
SIR HOW TO FILE GST FOR A CONSTRACTION WORK OR CONTRACT WORK
Okay...when contractor pay the comission to any sub vendor or stock material seller, the contractor cut the 1or2% comission and pay to respectively. The % deduction by contractor is called TDS or TCS and where the deduction amount goes, does contractor keeps in his pocket as profit...please kindly explain in brief
No contractor will pay the tds or tcs amount as the case may be pay to the government and along with this he will file tds return in which he will give the details of the person whom tds has been deducted or tcs has been collected
Sir aapne penalty nhi batati jo lagti h when PAN is not furnished by deductee..
TDS @20%
सर हम कंत्राटी कर्मचारी है मानधन मिलता है तो मानधन के उपर टीडीएस भरणा पडेगा क्या pl. रिप्लाय
If a contractor issue only 2 invoices in a single FY. 1st invoice amount is 35000 and second invoice amount is 15000. We deducted tds on 1st invoice. We should libel to deduct tds on 2nd invoice or not.
You should deduct the TDS
@@allabouttaxes But why?
@@VipinKumar-bk7sk there is not clearty from CBDT as you think the payment is not exceeding 30000 and 100000 but we generally recommend for safe side one payment exceeds 30000 then TDS should be deducted on subsequent payments also
Sir agr last Mai dopait krege to Esme late fee applicable hoge ya nhi ??
If contractor is unregistered the what to do
Sir agar bill me gst lga ho to taxable value me tds katenge ya invoice value me
Taxable value pr bro
sir is section me(194c) tds deduct karne ke liye kya deducter ka audit u/s44ab wali condition puri hona jaruri h ya nahi ? please reply
In case of individual and huf
Sir, Tds cut karne k bad book of account may entry kaise kare
TDS k jitne b important section h and unpe kitna deduction h uspe ek video banaye pls
Please visit our playlist ALL ABOUT TDS for more videos