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TDS DEDUCTION

This query is : Resolved 

28 June 2010 DEAR EXPERTS HELOO,
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?

KINDLY CLEAR IT.

WITH BEST REGARDS

VIKRAM SINGH TAWER

28 June 2010 Whole amount

28 June 2010 Yes, TDS will be deducted on whole amount


28 June 2010 Agreed with experts.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .

TDS will be whole amount, not last one when threshold limit cross.



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