04 December 2014
In Quarter 1 , Payment to contractor amounts rs. 25000 gross. hence no TDS. coz there was no certainty of more work to the same contractor. now in Quarter 4 , Rs. 1 lac of contract amount has accrued. so how much TDS to be deducted , when to deduct , interest to be paid ?? Is it OK if TDS on payment of Rs. 25000 not deducted.
CAclubindia
