30 June 2010
Can any body please let me know the exact sub-section or explanarion or proviso where it is written that if payment to contractor exceeds 50000 say 51000 then on the whole amount it is TDS to be deducted. I believe it is to be deducted only on 1000 Rs so exceeds to 50000. Please answer me with specific explanation only. otherwise pls do not entertain this question.
CAclubindia
