I don't know if I will be availing the services of same professional again in current FY.
Currently the bill for his professional service is Rs. 29,000/-
If I avail his service again in this Financial year, and the bill comes to Rs 2,000/-, it takes the total value to Rs 31,000 which is above the specified limit.
How should I deduct the TDS?
Should it be 10% on Rs 2,000/- or 10% on (29,000+2,000)?
In the second case TDS amount will be more than bill amount itself !
Please guide.
CAclubindia
