Consider this example for payment to a Contractor by a CHS -
Rs. 10000 / - by 10-05-15
Rs. 10000 / - by 10-06-15
Rs. 10000 / - by 10-07-15
Rs. 10000 / - by 10-08-15
Rs. 10000 / - by 10-09-15
Rs. 10000 / - by 10-10-15
Rs. 10000 / - by 10-11-15
Rs. 10000 / - by 10-12-15
If it is clear at the beginning itself that every month Rs. 10000 / - is to be paid to to the Contractor, please advise if TDS at 2% is to be deducted in the first month itself or is it OK if TDS is deducted in December when the amount paid exceeds Rs. 75000.
Tds query
ranjith kutty (IN) (24 Points)
13 May 2015
CAclubindia
