Tds


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2014 There is a party "D" from whom no contract was made with Party A. Party A make payment of different bill of different work to Party D bill 1 Rs 4025
bill 2 Rs 5045
bill 3 Rs 709
bill 4 Rs 8094
bill 5 Rs 1478 etc. Total sum of all bill in a year may be exceed Rs 75000 because there is no contract so we dont know amount of all bill will exceed rs 75000 in a year.
whether tds to be deducted in bill 1 2 3 4 5 etc and if not then when to start deduct tds?
whether for deducting tds contract argeement is compulsory?

16 July 2014 contract is not required. tds shall apply on whole of the payments..


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