TDS to be deducted or not

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Alex X Gonsalves (Querist)

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 ?

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Expert)

06 August 2008 Yes, You have to deduct for the whole 54K, and you can deduct the TDS in the next payment (i.e in september payment).

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)

06 August 2008 Does this person think that if he will ask the same question again and again, the answer will get changed?? Boss, answer will remain the same. You have to deduct tds on full payment of 54k.

Alex X Gonsalves

Alex X Gonsalves (Querist)

06 August 2008 thanks all, meant to post once, but due to browser problems, it posted more than once. sorry for that.

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