TDS to be deducted or not
This query is : Resolved
06 August 2008
I pay a transporter 17k in April wthout knowing if i will engage the services again in the current year. Yet again i engage him and pay 19k in July, yet again 18k in September.
Till September I have paid less than 50k so i have not deducted TDS. THen in September, knowing I'll exceed 50k payt to one transporter I have to deduct TDS.
How much should i deduct , is it for the whole 54K that i have paid? and when ?
Till September I have paid less than 50k so i have not deducted TDS. THen in September, knowing I'll exceed 50k payt to one transporter I have to deduct TDS.
How much should i deduct , is it for the whole 54K that i have paid? and when ?
06 August 2008
On whole of the amount 54 K at the time of exceed the limit of 50000.
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