TDS DEDUCTION

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Vikram Singh Tanwar (Querist)
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28 June 2010 DEAR EXPERTS HELOO,
I WOULK LIKE TO ASK,IN TDS CONTRACTORS THRESHHOLD IS 20000(50000) IN A YEAR.
BUT IN THE BEGINING THEY ARE IN UNDER THRESHHOLD LIMIT SO WE DID NOT DEDUCT TDS .
BUT IN CASE THEY CROSS THE THRESHHOLD LIMIT.
WILL TDS BE DEDUCT ON WHOLE AMT OR EXCESS AMT?

KINDLY CLEAR IT.

WITH BEST REGARDS

VIKRAM SINGH TAWER

Shyam Lal Naik

Shyam Lal Naik (Expert)
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28 June 2010 Whole amount

Deepak Goel

Deepak Goel (Expert)
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28 June 2010 Yes, TDS will be deducted on whole amount

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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28 June 2010 Agreed with experts.
Rs. 20000/- limit is for single bill, as soon as one bill is Rs.20000/- then TDS is to be deducted .

TDS will be whole amount, not last one when threshold limit cross.

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