About TDS on professionals
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2010
Thanks for your reply.
I would like to know that if their single bill is of Rs. 4,000/- .We have done 12 payments in a year. Should I deduct the TDS for the same or not since the total amount for the year has become 48,000/-
I would like to know that if their single bill is of Rs. 4,000/- .We have done 12 payments in a year. Should I deduct the TDS for the same or not since the total amount for the year has become 48,000/-
14 December 2010
yes... TDS has to be deducted
taxindiaconnect
(Expert)
14 December 2010
Agreed
24 February 2011
see the threshold limit is 30000/- & there is no cap for single bill. so since total payments exceed 30000/-, TDS is applicable.
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