02 May 2014
under contractor a bill of Rs. 35000/- received and deducted tds @1% (individual) and paid. Another transactions with same contractor received Rs. 8000 and Rs. 6000/- respectively in following months. Query is 1. Do we need to deduct TDS on these two above transactions or not. 2. Total transaction with this contractor is not exceeded Rs. 75000/- during the year. Please let me know the solution tho this transaction. Thanks in advance.