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About TDS on professionals

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Querist : Anonymous

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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/-
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
14 December 2010 yes... TDS has to be deducted
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taxindiaconnect

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taxindiaconnect (Expert)
14 December 2010 Agreed



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Arun Iyer

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Arun Iyer (Expert)
14 December 2010 Agreed
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
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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