Under 194C, no TDS is needed if a single payment to a contractor does not exceed what?
ARs 10,000
BRs 30,000
CRs 50,000
DRs 20,000
Answer & Solution
Correct answer: B. Rs 30,000
A single contract payment of up to Rs 30,000 is outside TDS under section 194C, subject to the annual limit.
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