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relating to TDS

This query is : Resolved 
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(Querist)
16 July 2008


WHEN WE WILL COME TO KNOW THAT TDS ON CONTRACTORS WILL BE APPLICABLE?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
16 July 2008 In case the amount of payment in persuance of a contract exceeds or is likely to exceed Rs 20,000/- or exceeds Rs 50000 in aggregate during a year for more than one contract.
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Sundeep

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Sundeep (Expert)
17 July 2008 In the following two situation the TDS on contractor will be applicable: -

Payment per contract Rs. 20,000/- or more or
Payment in excess of Rs. 50,000/- p.a. to same contractor.
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