I have received the following bills from a contractor:
April18=20000
May18 =31000
June18 =20000
There is no doubt regarding deduction of TDS on May18 bill (Rs 31000) . But my question is:
(1) whether TDS shall be deducted on April18 bill while deducting TDS on May18bill.
(2) whether TDS shall be deducted on June18 bill.
Reason of these questions:
If we assume that monetary limit of Rs one lakh has exceed at May18 bill then answer of the above two questions would have been affirmative.
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