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I GET CONTRACTOR BILL OF RS 4000.IT CAN OR CANNOT EXCEED 2LAKH YEARLY PAYMENT.WHAT SHOUD I DO.IF I DONT GET ANY BILL AMONUT 30000 IN YEAR.CAN I PAY TDS YEARLY OR SHOUD I DEDUCT YEARLY AMOUNT?
HI PLEASE HELP ME RESOLVE ABOVE ISSUE AT SWEETSAINI.KANCHAN @ GMAIL.COM
Replies (2)
Deduct TDS when aggregate amount during the year exceess Rs.1 lakhs
No TDS if single
Single payment is upto 30000
Or
Aggregate payment in the P. Y. Is upto 1 lakh.
Single payment is upto 30000
Or
Aggregate payment in the P. Y. Is upto 1 lakh.
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