Tds cut of limit u/s -194c

This query is : Resolved 

14 June 2013 Cut off limit u/s - 194C for a single payment/Bill is Rs.30,000/- and aggregate of during a financial year Rs.75,000/-

Now my question is;

I'm paid an amount of Rs.25,000/- to ABC Ltd. on April-2013. And again I paid R.28,000/- on May-2013 and Rs.29,000/- on June-2013 to the same party. Now the aggregate amount during the F.Y 2013-14 is Rs.82,000/-. So aggregate amount exceeds the limit Rs.75,000/- during the financial year. I was not deducted any TDS against previous payments. My question is, Now I liable to deduct TDS on full amount Rs.82,000/- or Balance of limit Rs.7,000/- (82000-75000)

Kindly reply me..

Thank you.

14 June 2013 On the entire Rs.82000/- you have to deduct TDS



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