Will TDS be deducted??
This query is : Resolved
27 July 2009
Dear experts
Could you please help me clear this doubt.
A company makes payments of Rs. 75, 150 1000, 5000,15000 etc to a contractor. All payments are in cash and no single payment exceeds Rs. 20000 but the aggregate payment during the FY is more than Rs. 1 lac. Will TDS be deducted on payments of Rs 75, 150, etc.
Thanks
Could you please help me clear this doubt.
A company makes payments of Rs. 75, 150 1000, 5000,15000 etc to a contractor. All payments are in cash and no single payment exceeds Rs. 20000 but the aggregate payment during the FY is more than Rs. 1 lac. Will TDS be deducted on payments of Rs 75, 150, etc.
Thanks
28 July 2009
Yes. no doubt. :)
CA Anil Jain
(Expert)
03 December 2009
yes.
as total payment is exceeding rs. 50,000/-
as total payment is exceeding rs. 50,000/-
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