11 October 2009
If an assessee not deducted tds while making payment but subsequently in same F.Y. ( by crossing limit say Rs 50000 u/s 194C or 120000 u/s 194I) he is required to deduct tds
my query is while deducting TDS on Subsequent payments whether he is required to deduct tds on payment made earlier or just deduct only on subsequebt payment?
12 October 2009
I agree with Mr. Kumar only in case you know that annual payment will exceed the threshold limit or INR 50,000 or 1,20,000 as the case may be.
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