if i paid a person 99000 from 1 april to 30 dec.
and then paid 10000 on 1 jan.
tds will be calculated on whole amount from beginning (or) only the difference amount ..
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Tds limit to deducted
Replies (3)
Quick Summary
TDS Amount will be calculate on whole amount from beginning.
TDS will be deductible on Whole amount from 1st April...
TDS will be deducted on previous 99000/- amount alongwith TDS on 10000/- Payment.
There won't be any question for late TDS deduction or failure to deducts TDS earlier.
However the fact you will have to put forward when asked.
Suppose contract value itself is for 125000/- and then you can not say non-deduction was a valid.
There won't be any question for late TDS deduction or failure to deducts TDS earlier.
However the fact you will have to put forward when asked.
Suppose contract value itself is for 125000/- and then you can not say non-deduction was a valid.
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