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 ?
CAclubindia
