Tds

The limit of TDS is 180000/-. If you wait for the limit to be exhausted than you will be liable to pay interest on late payment of TDS and also you will have to revise the TDS return for that period. Now you have to decide whether the payment will go beyond 180000 or not. Its better you deduct TDS as the party to whom you are making payment can claim that amount and you can be saved from any penal interest because of non*deduction of TDS.

Anjali is fully correct. I beg to differ that no revised TDS return is to be submitted if the payer did not deduct tax on estimated probable income.

regards