tds

This query is : Resolved 

27 January 2010 if there is payment made to any contract is 55000 then on which amount we have to deduct TDS. on whole amount or only on excess 5000 RS.

27 January 2010 on whole amount (Rs. 55000)

27 January 2010 TDS will be deducted on 55000/- if there is many bills and payments which make total of 55000/- in that case also TDS should be deducted on full amount at the time when total crosses 50000/-

27 January 2010 TDS need to deduct for Rs.55000/-


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