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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2012 Sir,

I have quiry on TDS on Contract.

One of the party has given 15000/- & 16000/- & 12000/- bills on different dates,

Shall i give the total amount at a time i.e Rs.43000/-

Shall I deduct the TDS on Rs. 43000/-

He will not cross the Rs.75000/- in a year

07 January 2012 If you pay the entire Rs. 43,000/- in a single instance, then Tax has to be deducted.

If you pay them on different dates, No tax is to be deducted if you believe the aggregate payment will not exceed Rs. 75,000/-



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