Tds should be deducted or not?
This query is : Resolved
20 June 2008
if indivual payments to a party for a contract didnot exceed Rs20000 but in the last month of the year the total payment exceeded Rs50000 then should we deduct on the whole amount including the first payments?
CA Vivek Jain
(Expert)
20 June 2008
Yes TDS deductable on full amount
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