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TDS

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30 November 2010 if i give contract of 10000 today but i don't know whether he wil cross the limit of 70000 in future.whenever he wil cross the limit of 70000 TDS should be deducted from onward payment or from 1st payment?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 November 2010 Income tax is to be deducted on the entire payment made in a financial year.
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