11 May 2018
Up to 3rd quarter i make payment of Rs. 76000 (18000+12000+26000+20000) and TDS is deducted @2% on Rs.76000 in 3rd quarter and Tds return is filed successfully for 3rd quarter. in in next quarter i make payment of Rs.8500 to same person. my question is that whether Tds is deducted on Rs. 8500 or not ? Please help me with this regard.
13 May 2018
The total amount for the year is less than Rs. 1 lakhs. However, since you have deducted TDS on earlier bills/ payments, it is advisable to deduct TDS on Rs. 8500 also.
CAclubindia
